💨 Abstract

The Enforcement Directorate conducted raids on realty firms WTC Group and Bhutani Group in Delhi-NCR, finding assets worth thousands of crores of rupees. The investigation stems from dozens of fraud complaints filed by homebuyers and investors. The ED alleges that the firms "lured" investors, did not complete projects on time, and siphoned off funds, with some being transferred overseas.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖