New Delhi, Nov. 16 -- The Enforcement Directorate (ED) on Saturday said it had arrested Swaraj Singh Yadav, managing director of Ocean Seven Buildtech Pvt Ltd (OSBPL), and "uncovered" a trail of fund diversion, cash dealings and systematic laundering of money collected from homebuyers, officials aware of the case said. ED conducted searches across nine locations on November 13 under the Prevention of Money Laundering Act (PMLA) and seized Rs.86 lakh, said to be the proceeds of crime. A senior ED officer said the cash was found with a relative of Yadav, establishing "active possession and concealment" of illicit funds. The officer said Yadav orchestrated a complex scheme to siphon off homebuyers' money collected under Pradhan Mantri Awas Yoj...