ED to file chargesheet against Ocean Seven and Swaraj Singh Yadav in ₹222cr PMAY fraud case.

The Enforcement Directorate is set to file a chargesheet against Ocean Seven Buildtech Pvt. Ltd. and its promoter Swaraj Singh Yadav over a multi-crore money laundering case tied to alleged fraud in the Pradhan Mantri Awas Yojna. The ED alleges Yadav diverted ₹222 crore from homebuyers’ funds by fraudulently cancelling and reselling flats, collecting cash premiums, and funneling money through shell companies. Assets are being valued for attachment, and evidence suggests funds were transferred to the U.S. via hawala channels. Despite claims of settled FIRs, a Delhi court denied Yadav’s plea to quash his arrest. A chargesheet is expected soon.