MUMBAI: Residential flats, commercial shops and office space relating to the Goregaon Pearl CHS Project and worth Rs 41.70 crore were seized by the ED in a fraud with homebuyers and other investors in Goregaon, Mumbai, an official said on Friday.
The Directorate of Enforcement (ED), Mumbai Zonal office, provisionally attached assets/properties on March 25, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the ED said in a statement.
The attached assets include complete / partially constructed residential flats, commercial shops and office space relating to “Goregaon Pearl CHS Project”, said the statement.
The PMLA Investigation revealed that the attached assets were initially developed by Sai Siddhi Developers, and part of such constructed/partly constructed assets were also sold to outside buyers against receipt of full/partial sale consideration, the ED said.
However, such outside buyers who are the present victims in the case neither received the sold units nor any refunds. “Therefore, the funds received by Jayesh Tanna of Sai Siddhi Developers, by cheating/defrauding the genuine outside buyers, represent the Proceeds of Crime in the case, ” the ED said.