The Enforcement Directorate (ED) on Friday conducted searches at the five premises belonging to Viva Group and its associates. The premises included a registered office of Viva Group in Virar, a residential premise of a concerned person of Viva Group in Virar, one associated office premise of Viva Group in Andheri, and two residential premises of two financial consultants of Viva Group in Juhu, and  Chembur respectively. 

During the search, Rs 73 lakh cash, incriminating digital and documentary evidence have been recovered The ED initiated an investigation under the Prevention of Money Laundering Act, 2002 (PMLA) against Housing Development Infrastructures Ltd's (HDIL) Rakesh Kumar Wadhawan, Sarang Wadhawan, Waryam Singh and Joy Thomas, chairman and managing director of PMC bank Ltd and others on the basis of an FIR registered by the Economic Offences wing of Mumbai Police.