ED Seizes ₹136.42 Crore in Ocean Seven Buildtech Case

New Delhi, October 14 (Udaipur Kiran) : The Enforcement Directorate (ED) has seized assets valued at approximately ₹136.42 crore from Ocean Seven Buildtech Private Limited (OSBPL) under the Prevention of Money Laundering Act, 2002. The action was taken by the ED's Headquarters Investigation Unit-II in New Delhi. The seized assets include land parcels located in Bilonchi village in Jaipur and Kotputli-Bahrod in Rajasthan, along with a residential plot in Gurugram's Sector 102.Additionally, funds amounting to ₹69,06,133 from five bank accounts belonging to the company and its promoters, Swaraj Singh Yadav and Sunita Swaraj, were also frozen. This brings the total value of confiscated properties to nearly ₹188 crore. The ED's investigation originated from FIRs filed by the Economic Offenses Wing of the Delhi Police, Haryana Police, and Rajasthan Police against OSBPL and its promoters, alleging fraud, criminal breach of trust, forgery, and conspiracy related to the company's real estate projects.Previously, the ED had seized assets worth ₹51.57 crore under a provisional attachment order and filed a prosecution complaint on January 9, 2026, before a special court in New Delhi. Investigations revealed that between December 2006 and March 2015, OSBPL collected over ₹118 crore from buyers for four projects in Rajasthan, including 'Amber Garden' in Bilonchi village and 'Kot Residency', 'Kot Farms', and 'Kot Industrial Estate' in Kotputli-Bahrod. Buyers were promised possession of the plots within three to four years, but the projects were never developed, and site inspections confirmed that most of the areas remained vacant.Despite some buyers having paid in full and obtaining registered conveyance deeds and possession letters, they never received actual possession of their plots. Instead of utilizing the funds for project development, the money was allegedly diverted to unrelated activities, such as purchasing office space in Gurugram and advancing payments for other projects. Furthermore, between June and September 2025, nearly 39 acres of land owned by the accused company and its promoters were transferred to close associates or third parties, which have also been seized under the provisional attachment order.