New Delhi, June 12 (H.S): The Enforcement Directorate (ED) conducted raids on Thursday in connection with a ₹2,700 crore money laundering case involving the Nexa Evergreen real estate scheme. Raids took place at approximately 24 locations across Delhi, Rajasthan, and Gujarat, targeting cities like Jaipur, Jodhpur, Sikar, and Jhunjhunu, as well as parts of Ahmedabad. This action is being executed under the Prevention of Money Laundering Act (PMLA) due to allegations of mass financial fraud where many investors were defrauded. The ED aims to trace financial trails and identify the principal beneficiaries of the alleged fraud. The case is based on an FIR filed by Rajasthan police against Nexa Evergreen, which purportedly attracted investors with promises of high returns or property allocations, including flats and land, leading to significant financial loss for those involved. Further information is expected as the investigation progresses.

Hindusthan Samachar / Jun Sarkar