Mumbai, Jan 25: The Enforcement Directorate (ED) on Monday carried out raids at 10 locations in Mumbai linked to the Omkar Group builders and its officials Babulal Verma and Kamal Kishore Gupta in connection with a money laundering case.

An ED official wishing not to be named told IANS, "Today ED's raids included seven residential and three office premises belonging to Omkar Group, one of the leading builders in Mumbai." Enforcement Directorate Attaches Properties of Former IAS Officer Babulal Agrawal Worth Over Rs 27 Crores.

The official said that the premises raided included those of Verma and Gupta.

The official said that the group is alleged to have misused various permissions given under SRA schemes. The group also diverted around 450 crores taken by way of loan from Yes bank.

(The above story first appeared on LatestLY on Jan 25, 2021 01:19 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).