Omkar Group, one of the leading builders in Mumbai, is alleged to have misused various permissions given under Slum Rehabilitation Authority (SRA) schemes.
Photo used for representational purpose
The Enforcement Directorate on Monday conducted searches on 10 premises (7 residences and 3 offices) belonging to Omkar Group and its officials Babulal Verma and Kamal Kishore Gupta in connection with a money laundering case.
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Omkar Group, one of the leading builders in Mumbai, is alleged to have misused various permissions given under Slum Rehabilitation Authority (SRA) schemes. The group also diverted around 450 crores taken by way of loan from Yes bank.
The raids were conducted at Omkar builder's Sion office, Beumonte apartment in Prabhadevi and Ashiana building on Nepean Sea Road among other places.
An ED official wishing not to be named told IANS, "Today ED's raids included seven residential and three office premises belonging to Omkar Group, one of the leading builders in Mumbai."
The official said that the premises raided included those of Verma and Gupta.
(With inputs from Vishal Singh and IANS)
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