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Pune continues to experience high temperatures as the monsoon onset has been delayed due to Cyclone Biparjoy

An Audi car, Rs 85 lakh in cash and documents were seized during recent raids against a Punjab-based real estate group in connection with a money laundering case linked to alleged cheating of homebuyers, the ED said on Tuesday.

The probe found that the "funds received from homebuyers for development of residential and commercial projects were siphoned off by directors of the company in connivance with their associates and others and have been invested in purchase of various personal assets."

The probe found that the "funds received from homebuyers for development of residential and commercial projects were siphoned off by directors of the company in connivance with their associates and others and have been invested in purchase of various personal assets." ED Seizes Audi Car, Rs 85 Lakh Cash After Raids on Punjab-Based Real Estate Group.

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ED seizes Audi car, Rs 85L cash after raids on Punjab-based real estate group

An Audi car, Rs 85 lakh in cash and documents were seized during recent raids against a Punjab-based real estate group in connection with a money-laundering case linked to alleged cheating of homebuyers, the ED said on Tuesday.

A bench of Justices Prasanna Varale and Surendra Tavade was hearing a plea filed by Kumar Urban Development Pvt. Ltd. formerly known as Kumar Builders and its promoters Lalit and Pranit Jain, booked by the Vakola police for committing fraud on several persons.