India, Oct. 10 -- The Enforcement Directorate (ED) has attached properties worth Rs.423.38 crore belonging to Bengaluru-based real estate company Ozone Urbana Infra Developers Pvt Ltd and its promoter S Vasudevan, according to a press statement issued by the agency. The ED attached Rs.423.38 crore in assets linked to Ozone Urbana Infra Developers and its promoter under the PMLA after probing alleged financial irregularities.

The money laundering probe stems from a Central Bureau of Investigation (CBI) FIR, which was registered on the directions of the Supreme Court. The CBI had alleged that the company collected large sums from homebuyers but failed to deliver the apartments, instead diverting the money elsewhere, the ED said.

The ED ha...