IndiaPosted at: Oct 4 2025 11:43PM


ED attaches properties worth Rs 423 cr in Bengaluru real estate fraud case

New Delhi, Oct 4 (UNI) The Enforcement Directorate (ED), Bengaluru Zonal Office, has provisionally attached immovable properties worth Rs 423.38 crores in connection with an investigation against Ozone Urbana Infra Developers Pvt. Ltd. and others.
The ED initiated its investigation based on multiple FIRs registered under Sections 419, 420, and 120B of the Indian Penal Code, 1860, at various police stations in Bengaluru against the company and its promoters. Additionally, a separate FIR was registered against the company and a promoter by the CBI, EO-I, New Delhi, following a directive from the Supreme Court.
The primary allegation against Ozone Urbana Infra Developers Pvt. Ltd. is that it defaulted on completing construction projects on time and failed to hand over possession to customers. The company is accused of inducing potential buyers by offering to pay pre-construction EMIs until the flats were handed over.
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