7 months ago
ED Attaches Assets in Multiple Cases
The Enforcement Directorate (ED) has taken action against several companies and individuals for misusing and diverting funds.
They seized assets worth ₹51.57 crore from Ocean Seven Buildtech, which is accused of not using homebuyers' money correctly.
The ED also attached assets worth ₹92 crore linked to the Mahadev online betting app, which is alleged to have cheated people and laundered money.
Additionally, the ED seized assets worth ₹400 crore connected to the Jaypee Group, which is accused of diverting funds collected from homebuyers.
The ED's actions are based on investigations into these companies' activities and the misuse of funds.
The ED provisionally attached assets worth ₹51.57 crore of Ocean Seven Buildtech Pvt. Ltd. under the PMLA.
The ED attached assets worth ₹92 crore linked to the Mahadev online betting app and its promoters.
The ED seized assets worth ₹400 crore belonging to a trust linked to former Jaypee Infratech managing director Manoj Gaur and a company controlled by Honeyy Katiyal.
The investigations revealed systematic misuse of funds, illegal betting, and diversion of funds for unrelated purposes.
The ED's actions are based on multiple FIRs registered by various police agencies and the Prevention of Money Laundering Act (PMLA).
- Who
- Ocean Seven Buildtech Pvt. Ltd. (OSBPL), Mahadev Online Book (MOB) App, Jaypee Group
- What
- ED attached assets worth ₹51.57 crore, ₹92 crore, and ₹400 crore respectively
- Where
- Properties located in Gurugram, Himachal Pradesh, Maharashtra, and various other locations
- When
- The attachments were announced on Tuesday, January 6, 2026, and Wednesday, January 7, 2026
- Why
- Alleged misuse of homebuyers' funds, illegal betting, and diversion of funds for unrelated purposes
Key facts
- Ocean Seven Buildtech Pvt. Ltd. (OSBPL)
- ₹51.57 crore
- Mahadev Online Book (MOB) App
- ₹92 crore
- Jaypee Group Probe
- ₹400 crore
- Legal Basis
- Prevention of Money Laundering Act (PMLA), 2002
- Investigating Agency
- Enforcement Directorate (ED)
- Key Figures
- Swaraj Singh Yadav, Sourabh Chandrakar, Manoj Gaur, Honeyy Katiyal
- Allegations
- Misuse of funds, diversion of funds, illegal betting, money laundering
Timeline
Ocean Seven Buildtech's PMAY fund misuse exposed: Incomplete materials, homebuyers building their own homes.
Then, Enforcement Directorate seizes assets after fund misuse revelation.
Misused funds totaled ₹222 crore, leading to asset seizure.
ED seizes ₹51 crore assets from Ocean Seven Buildtech.
Quotes
Enforcement Directorate
The Enforcement Directorate is an Indian financial investigation agency.
“The investigation has established the central role of Manoj Gaur in the planning and execution of the fund diversion through a complex web of transactions within the Jaypee Group and its associated entities.”
indianexpress.com
Sources
Jaypee Group homebuyers’ fraud: ED attaches Rs 400 crore assets in money laundering case
Mahadev-app case: ED attaches fresh assets including of main promoter Saurabh Chandrakar
ED Cracks Down On Ocean Seven Buildtech, Seizes ₹51 Crore Assets
ED seizes properties worth Rs 91.82 crore in Mahadev betting app scam
