India, June 12 -- The enforcement directorate (ED) on Thursday raided 24 locations in Rajasthan and Gujarat in connection with an alleged Rs.2,700 crore money laundering case by Nexa Evergreen, people familiar with the development said.

The agency started probing after multiple First Information Reports (FIRs) were filed under the Prevention of Money Laundering Act (PMLA) by the Rajasthan Police. Nexa Evergreen had allegedly promised high returns to individuals investing in properties in Gujarat's Dholera Smart City project.

"Raids were conducted at 24 locations in Sikar, Jaipur, Jodhpur and Jhunjhunu in Rajasthan and Ahmedabad in Gujarat under PMLA," an ED officer said.

The company's promoters, Subhash Bijarniya and Ranveer Bijarniya,...