Under the Prevention of Money Laundering Act (PMLA), 2002, the Mumbai Zonal Office of the Directorate of Enforcement (ED) has provisionally seized immovable property valued at Rs. 52.73 crore in Navi Mumbai in connection with the case involving M/s Monarch Universal Group.

This action comes after the Maharashtra Police filed many FIRs against M/s Monarch Universal Group, Gopal Amarlal Thakur, Hasmukh Amarlal Thakur, and others under various sections of the Indian Penal Code, 1860, for scamming real estate customers.