New Delhi, July 21 -- The Enforcement Directorate (ED) on Monday arrested Sandeep Yadav and Arvind Walia, director and majority shareholders of Ramprastha Promoters and Developers Pvt Ltd (RPDPL), in connection with its ongoing investigation related to the alleged "builder buyer fraud" of Rs 1,100 crores, officials said.

The agency's move comes after ED officials conducted searches on the residential and business premises of Sandeep Yadav and Arvind Walia earlier on Monday under the Prevention of Money Laundering Act, 2002, at three locations in Delhi and Gurugram in connection with a money-laundering case against RPDPL.

On July 11 this year, ED had also attached immovable properties worth Rs 681.54 crores belonging to RPDPL and its gro...