ED attaches Rs 136.42 crore assets of Ocean Seven Buildtech in alleged plot buyer case
The ED has provisionally attached assets worth Rs 136.42 crore of Ocean Seven Buildtech, its promoter and a family member, alleging plot buyers' money in Rajasthan projects was diverted.
The Enforcement Directorate (ED) has provisionally attached properties worth about Rs 136.42 crore in its money laundering case against Ocean Seven Buildtech Pvt Ltd (OSBPL). It announced the action on 14 October 2026. With this, assets attached in the case rise to about Rs 188 crore, according to the ED.
What Happened
According to the ED, the attached assets include land parcels at Village Bilonchi in Jaipur district and at Kotputli-Behror in Rajasthan, a residential plot in Sector 102, Gurugram, and Rs 69.06 lakh in five bank accounts held by the company, its promoter and a family member. The action was taken under the Prevention of Money Laundering Act (PMLA), 2002. A provisional attachment stops the assets from being sold or transferred for now and must be confirmed by the PMLA Adjudicating Authority.
The ED said its probe is based on FIRs registered by the Economic Offences Wing of Delhi Police, the Haryana Police and the Rajasthan Police alleging cheating, criminal breach of trust, forgery and criminal conspiracy in the company's real estate projects. The ED had earlier attached assets worth about Rs 51.57 crore on 5 January 2026 and filed a prosecution complaint on 9 January 2026 before a special PMLA court in New Delhi.
The ED alleges that OSBPL collected more than Rs 118 crore from plot buyers in four Rajasthan projects (Amber Garden, Kot Residency, Kot Farms and Kot Industrial Estate) between December 2006 and March 2015. According to the ED, site inspections by the Jaipur Development Authority and revenue officials found the projects were never developed, and buyers who paid in full never got possession. The agency alleges the funds were diverted to other uses, including buying office premises in Gurugram, and that about 39 acres of land was transferred to associates and others after the FIRs were registered.
These are allegations, not findings of guilt; the accused are presumed innocent until proven guilty in court, and due process continues.
What It Means
For buyers in these projects, the listed properties stay frozen pending confirmation by the Adjudicating Authority. Buyers with complaints about a real estate purchase can approach the National Consumer Helpline at 1915 or file a consumer complaint through e-Daakhil.
This report describes enforcement actions and allegations on the public record, attributed to the officials cited. An order, FIR or chargesheet is not a conviction; parties are presumed innocent until proven guilty.
Named in this report, or spotted an error? Corrections and responses: editor@oquilia.com. We correct errors promptly and record responses from named parties.
Sources & Citations
- Enforcement Directorate press release — Enforcement Directorate