 "Indiabulls Housing Finance")
The Enforcement Directorate (ED) on Monday raided the premises of Indiabulls Finance Centre in Delhi and Mumbai. This is in connection with money laundering allegations made against the firm and promoter Sameer Gehlot in April 2021.
Last year, a case was lodged against the company and its promoter at Palghar, Maharashtra, where it was alleged that the company siphoned off money invested in its own shares to boost prices.
The ED search is on the basis of an Enforcement Case Information Report (ECIR) registered by the ED. It was under the Prevention of Money Laundering Act, 2002 (PMLA) against the company and
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