<h1>ED readies chargesheet in PMAY housing fraud, alleging Rs 222 crore laundering and cheating by real estate promoters</h1> The Enforcement Directorate is preparing a chargesheet against a Gurugram-based real estate company and its promoters in a money laundering case involving alleged fraud under the Pradhan Mantri Awas Yojana and cheating of homebuyers. The managing director has been arrested and is in judicial custody. The agency alleges diversion and laundering of about Rs 222 crore through cancellation and resale of PMAY flats at higher prices without refunding earlier buyers, cash-based premiums, misuse of escrow funds, and transfers abroad via hawala. Asset valuation is underway for possible attachment under the Prevention of Money Laundering Act with a view to restitution. A court has upheld the arrest and granted ED custody.