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ED to chargesheet Gurugram realty company for ₹222 crore fraud under PMAY.
Summary
The Enforcement Directorate (ED) is set to file charges against a Gurugram-based real estate company and its promoter for allegedly diverting and laundering ₹222 crore of homebuyers' funds collected under the Pradhan Mantri Awas Yojana (PMAY). This case highlights financial irregularities and potential misuse of funds in a government housing scheme.
Key Points
- ED to chargesheet Gurugram-based real estate company.
- Allegation of fraudulent diversion and laundering of homebuyers' funds.
- Amount involved: ₹222 crore.
- Scheme involved: Pradhan Mantri Awas Yojana (PMAY).
- Focus on financial irregularities and misuse of funds.
Full Article
The ED has alleged that the MD of a Gurugram-based real estate company ‘fraudulently diverted’ and laundered homebuyers' funds worth ₹222 crore collected under PMAY
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