Mumbai, May 14 -- The Enforcement Directorate (ED) conducted searches on premises of builders involved in an illegal construction racket in the Mira Bhayander Vasai Virar area of Palghar district on Wednesday morning. The anti-financial fraud agency raided 13 locations.
The searches are linked to builders and their henchmen under the Vasai Virar Municipal Corporation (VVMC).
The action was taken under the Prevention of Money Laundering Act (PMLA), 2002, in connection with illegal construction of a residential-cum-commercial building in the Vasai Virar area. The search resulted in the seizure of cash and bank statements.
The operation, which began early morning, continued till late evening.
According to ED, the case primarily involves th...