Lucknow, Aug. 13 -- The Enforcement Directorate today conducted search operations at eight locations, six in Lucknow and two in Delhi, in an alleged real state fraud by Rohtas Projects Limited, involving hundreds of home and commercial buyers.
The case stems from an ECIR (Enforcement Case Information Report) registered by the ED in 2021, based on 48 FIRs filed by aggrieved buyers. The number of FIRs has since risen to 87. A forensic audit conducted by the Uttar Pradesh Real Estate Regulatory Authority (UP RERA), has pegged the estimated Proceeds of Crime (PoC) at Rs 248 crore.
Promoter brothers, Piyush Rastogi, Paresh Rastogi, and Deepak Rastogi have been absconding for the past four years. Property attachments have so far been stall...