Directorate of Enforcement (ED) carried out searches at 22 locations in Mumbai and Navi Mumbai linked to a builder Lalit Tekchandani, resulting into seizure/freezing of Rs 30 crore. The searches were carried on February 7, under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in the case of cheating of prospective flat buyers.

ED has initiated the investigation on the basis of two FIRs registered by Taloja Police Station and Chembur Police Station under various sections of IPC, 1860. It has been alleged in the FIR that M/s Supreme Construction & Developer Pvt Ltd, a company represented by Tekchandani and others, collected huge funds from the prospective buyers of home in a housing project in Taloja, Navi Mumbai.