TaxTMI 
TaxTMI 
ED raids against UP realty group for Rs 248-cr 'fraud' with home buyers
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....D raids against UP realty group for Rs 248-cr 'fraud' with home buyers<BR>PMLA / Black Money<BR>Dated:- 13-8-2025<BR>PTI<BR>New Delhi/Lucknow, Aug 13 (PTI) The Enforcement Directorate on Wednesday con....
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....ducted searches against an Uttar Pradesh-based realty group as part of a money laundering probe against it for allegedly duping investors to the tune of Rs 248 crore, official sources said. At least ....
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....eight premises in Lucknow and two in Delhi are being searched in the case against Rohtas Projects Ltd., the sources said. The action is being carried out under the Prevention of Money Laundering Act (....
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....PMLA), they said. The money laundering case stems from as many as 87 FIRs filed by home/commercial space buyers since 2021 alleging they were duped and not given their properties. As per a forensic....
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.... audit conducted by the UP RERA (Uttar Pradesh Real Estate Regulatory Authority), the "proceeds of crime" in this case is Rs 248 crore, the sources said. The searches are being conducted with an aim ....
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....to find evidence and the assets of the promoters for attachment as they are "absconding" since the last four years, the sources claimed. The promoters of the company have been identified as Piyush Ra....
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....stogi, Paresh Rastogi and Deepak Rastogi. The promoters or their legal representatives could not be contacted immediately for a comment on the ED action against them. PTI NES DV DV<BR> News - Press r....
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....elease - PIB....