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p ED sources stated that Omkar Group misused various permissions given under the SRA schemes, diverted bank funds and defaulted on the payment. br /p MUMBAI: The Enforcement Directorate (ED) on Monday searched 10 premises of Omkar Developers in a suspected money-laundering case arising out of a Slum Rehabilitation Authority (SRA) scheme fraud and diverting Rs 450 crore bank loan for purposes other than declared. ED sources stated that Omkar Group misused various permissions given under the SRA schemes, diverted bank funds and defaulted on the payment. The ED is also investigating various ...

Mumbai: ED raids 10 premises of Omkar Group in money laundering case Mumbai: ED raids 10 premises of Omkar Group in money laundering case The group, one of the leading builders in Mumbai, is alleged to have committed a fraud worth Rs 22,000 crore under Slum Rehabilitation Authority (SRA) schemes advertisement Senior ED officials said the group allegedly misused various permissions given under SRA schemes (Representational) The Enforcement Directorate on Monday conducted raids at 10 premises of Omkar Group in connection with a money laundering case. The group, one of the leading builders in Mu...