https://www.taxtmi.com/news?id=71152 Allegations of money laundering and diversion of homebuyer funds form the basis of an ED investigation and FIRs alleging that two group companies misapplied project receipts, leaving residential projects incomplete and purchasers defrauded. The promoter was arrested, obtained interim bail, and later surrendered after a court denied regular bail, the court noting allegations of widespread cheating and criminal breach of trust. A related listed company filed a regulatory update confirming the director's surrender upon expiration of interim bail. en-us Fri, 20 Feb 2026 18:16:03 +0530 Fri, 20 Feb 2026 18:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71152 Allegations of money laundering and diversion of homebuyer funds form the basis of an ED investigation and FIRs alleging that two group companies misapplied project receipts, leaving residential projects incomplete and purchasers defrauded. The promoter was arrested, obtained interim bail, and later surrendered after a court denied regular bail, the court noting allegations of widespread cheating and criminal breach of trust. A related listed company filed a regulatory update confirming the director's surrender upon expiration of interim bail. News - Fri, 20 Feb 2026 18:16:03 +0530 https://www.taxtmi.com/news?id=71152