A residential property in the national capital worth more than ?44 crore has been attached under the anti–money laundering law as part of an investigation against a real estate group and its promoters accused of duping homebuyers.

The case relates to complaints filed in 2015 against the group and its promoters for alleged cheating, fraud, and criminal conspiracy. Authorities stated that the accused collected large sums of money from investors in real estate projects by promising timely delivery of commercial units, which were never completed or handed over.

Investigators identified a high-value residential property located in an upscale area of the national capital, registered in the name of the main accused. A provisional order under the relevant anti–money laundering legislation was issued to attach the property.

According to officials, the companies were controlled by multiple individuals, and the illicit funds were routed through various entities to obscure their origin. Searches were carried out earlier this year at multiple locations across different cities, resulting in the seizure of cash, documents, and electronic records.

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