New Delhi, Nov. 14 -- Delhi's Patiala House court has granted 14 days' custody of a builder accused in a money laundering case linked with PM Awas Yojana (PMAY). It is reported that Swaraj Singh Yadav, the promoter of Seven Ocean Buildtech Pvt. Ltd. (OSBPL), was arrested.

It is alleged that allotment made to homebuyers under PMAY was cancelled fraudulently, and the same flats were sold at higher prices. It is alleged that Rs. 222 crore of homebuyers' funds were defrauded.

Yadav was produced at the residence of the Special Judge after midnight on Thursday.

Special Judge Shefali Barnala Tandon of Patiala House Court granted 14 days' custody of Swaraj Singh Yadav at 6 am on Friday.

The special judge Tandon said in her order, "Even perusa...