Real Estate Scam

The CBI today arrested Avinash Bhosale, chairman of Pune-based ABIL group that is into real estate, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of DHFL, officials said.

The first day of the Assam Assembly's winter session saw uproar - protests, adjournments and a walkout - over an alleged land grab scam involving a real estate company linked to Chief Minister Himanta Biswa Sarma's family.

The CBI has filed a supplementary charge sheet against Rose Valley Real Estates and Construction Ltd, its chairman Gautam Kundu and others in connection with a ponzi scam allegedly perpetrated by it in Tripura, officials said on Friday.

A man accused of scamming hundreds of people into making huge investments in real estate sector through a slew of firms set up by him and duping them of over Rs 200 crore was arrested by the Special Task Force of Uttar Pradesh police on Monday, officials said.

Promoters of the real estate firm HDIL at the centre of the massive PMC Bank scam will remain in a Mumbai jail for now. The Supreme Court on Thursday put on hold a high court order that allowed them to be placed under house arrest.

In October, police alleged that Punjab and Maharashtra Co-operative Bank (PMC) had used more than 21,000 fictitious accounts to hide loans it made to a single real estate firm. The Economic Offences Wing (EOW) of Mumbai Police has made a number of arrests in connection with the alleged Rs 4,355-crore PMC Bank scam, including its former chairman War...

The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) have been taken into custody by the Enforcement Directorate. A court in Mumbai has sent them to custody till October 22. The ED is questioning Rakesh Kumar Wadhawan and his son Sarang Wadhawan in an alleged money laundering case worth over Rs 4...

Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.

The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) openly maintained a flamboyant lifestyle as they moved around with armed guards. Accused of not repaying loans up to Rs 6,500 crore to Punjab and Maharashtra Cooperative (PMC) Bank, Rakesh Kumar Wadhawan and his son Sarang Wadhawan will stay in...

A Gurgaon-based real estate firm, IREO Group, has been accused of defrauding its investors of over a billion dollars - roughly Rs 10,000 crore - but not a single government agency has taken action.

Lalu Yadav has been asked to travel to Delhi on Monday for interrogation by officials from the country's premier investigating agency, who hold that the 69-year-old politician milked his earlier term as the country's Railways Minister to amass an enviable portfolio of real estate for his children.

The Congress staged a protest outside Prakash Mehta's residence in Mumbai, demanding the resignation of the Maharashtra Housing Minister, who is facing allegations violating norms in a slum redevelopment project in south Mumbai's Ghatkopar area.

The Indian Administrative Service (IAS) officer was removed after an audio clip said to be a phone conversation between him and a real estate agent was leaked and circulated.

In one of the most desirable parts of IT hub Hyderabad, a land scam worth several hundred crores has been discovered, leading to the arrest of a government official and the directors of two real estate companies.

Bihar Chief Minister Nitish Kumar once again today employed his no-comment policy on main ally Lalu Yadav, who, along with his family, has racked up a line-up of controversies matrixed to allegations of corruption.

The CBI today arrested Avinash Bhosale, chairman of Pune-based ABIL group that is into real estate, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of DHFL, officials said.

The first day of the Assam Assembly's winter session saw uproar - protests, adjournments and a walkout - over an alleged land grab scam involving a real estate company linked to Chief Minister Himanta Biswa Sarma's family.

The CBI has filed a supplementary charge sheet against Rose Valley Real Estates and Construction Ltd, its chairman Gautam Kundu and others in connection with a ponzi scam allegedly perpetrated by it in Tripura, officials said on Friday.

A man accused of scamming hundreds of people into making huge investments in real estate sector through a slew of firms set up by him and duping them of over Rs 200 crore was arrested by the Special Task Force of Uttar Pradesh police on Monday, officials said.

Promoters of the real estate firm HDIL at the centre of the massive PMC Bank scam will remain in a Mumbai jail for now. The Supreme Court on Thursday put on hold a high court order that allowed them to be placed under house arrest.

In October, police alleged that Punjab and Maharashtra Co-operative Bank (PMC) had used more than 21,000 fictitious accounts to hide loans it made to a single real estate firm. The Economic Offences Wing (EOW) of Mumbai Police has made a number of arrests in connection with the alleged Rs 4,355-crore PMC Bank scam, including its former chairman War...

The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) have been taken into custody by the Enforcement Directorate. A court in Mumbai has sent them to custody till October 22. The ED is questioning Rakesh Kumar Wadhawan and his son Sarang Wadhawan in an alleged money laundering case worth over Rs 4...

Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.

The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) openly maintained a flamboyant lifestyle as they moved around with armed guards. Accused of not repaying loans up to Rs 6,500 crore to Punjab and Maharashtra Cooperative (PMC) Bank, Rakesh Kumar Wadhawan and his son Sarang Wadhawan will stay in...

A Gurgaon-based real estate firm, IREO Group, has been accused of defrauding its investors of over a billion dollars - roughly Rs 10,000 crore - but not a single government agency has taken action.

Lalu Yadav has been asked to travel to Delhi on Monday for interrogation by officials from the country's premier investigating agency, who hold that the 69-year-old politician milked his earlier term as the country's Railways Minister to amass an enviable portfolio of real estate for his children.

The Congress staged a protest outside Prakash Mehta's residence in Mumbai, demanding the resignation of the Maharashtra Housing Minister, who is facing allegations violating norms in a slum redevelopment project in south Mumbai's Ghatkopar area.

The Indian Administrative Service (IAS) officer was removed after an audio clip said to be a phone conversation between him and a real estate agent was leaked and circulated.

In one of the most desirable parts of IT hub Hyderabad, a land scam worth several hundred crores has been discovered, leading to the arrest of a government official and the directors of two real estate companies.

Bihar Chief Minister Nitish Kumar once again today employed his no-comment policy on main ally Lalu Yadav, who, along with his family, has racked up a line-up of controversies matrixed to allegations of corruption.