The Directorate of Enforcement (ED) on 6 November 2026 filed a chargesheet under the Prevention of Money Laundering Act (PMLA), 2002 before the Special Court (PMLA), Saket Courts, New Delhi, against Raheja Developers Ltd. (RDL), its promoters, and 18 other individuals and entities, over the alleged laundering of approximately ₹1,353.26 crore collected from homebuyers. The prosecution complaint names 21 accused in total, including key family members of the group's managing director.

Who Is Accused and What They Are Charged With

The chargesheet, filed under Sections 44 and 45 of PMLA, names Raheja Developers Ltd., its Managing Director Navin M. Raheja, his son Nayan N. Raheja, daughter Nayana N. Singhania, wife Nirmal Raheja, and 16 other persons and entities. The accused are charged with money laundering as defined under Section 3 and punishable under Section 4 of the PMLA.

The ED investigation was triggered by multiple First Information Reports (FIRs) registered by the Economic Offences Wing, Delhi Police and Gurugram Police against RDL and its directors, following complaints from homebuyers who had paid for flats and commercial units in projects including Raheja Revanta, Atlantis, Navin Minar, and The Delhi Mall — and received neither possession nor refund.

Scale of the Alleged Fraud

According to the ED, RDL collected approximately ₹2,699.13 crore from around 4,600 homebuyers and investors across residential and commercial projects in Delhi and Gurugram, on the promise of timely delivery. Of this, ₹1,353.26 crore has so far been identified as proceeds of crime.

The breakdown, according to the agency, is ₹1,175.86 crore siphoned out of project, escrow, and RERA accounts for purposes other than construction, and ₹177.40 crore collected from homebuyers in cash outside registered agreements. Most projects of the group remain incomplete, the ED stated.

How the Money Was Allegedly Diverted

The investigation found that homebuyers' funds were diverted to group companies and to firms operated through employees and their relatives acting as nominee directors. The money was allegedly used to purchase land in the names of these shell-like entities and was moved through RERA accounts of one project to fund another — a pattern that the ED says masked the diversion trail.

Searches under Section 17 of PMLA were conducted at 14 premises on 27 June 2025 and at 9 premises on 25 April in Delhi-NCR, linked to RDL, its promoters, employees, and associated entities. Incriminating documents, digital devices, jewellery, gold coins, bullion, and foreign currency were seized, with their retention approved by the Adjudicating Authority (PMLA).

Attachments and Warrants

The ED has provisionally attached immovable properties with a book value of ₹810.57 crore and a current market value of ₹2,399.65 crore, through Provisional Attachment Orders dated 28 April and 30 July.

All four key family accused — Navin M. Raheja, Nayan N. Raheja, Nayana N. Singhania, and Nirmal Raheja — reportedly did not join the search proceedings and failed to comply with repeated summonses issued under Section 50 of PMLA. The ED has applied before the Special Court, Saket, for non-bailable warrants against all four. Notably, an anticipatory bail application by Nayan N. Raheja was dismissed by the Special Judge (PMLA), Saket Courts on 19 September, and again by the Delhi High Court on 15 October.

What Comes Next

The ED has sought confiscation of the attached properties and custody of the four promoters and family members as and when they are apprehended. With non-bailable warrants sought and bail avenues closed at both the Special Court and High Court levels, the case moves into an active arrest and trial phase. For the approximately 4,600 homebuyers still awaiting possession or refunds, the attachment of assets worth ₹2,399.65 crore at market value represents the most concrete step yet toward potential recovery.