ED to chargesheet Gurugram firm, MD in Rs 222 crore PMAY scam

• ED to chargesheet Gurugram realty firm OSBPL and MD Swaraj Singh Yadav in a Rs 222 crore PMAY money laundering scam.
• MD Swaraj Singh Yadav was arrested on November 13 for allegedly diverting Rs 222 crore of homebuyers' funds collected under the Pradhan Mantri Awas Yojna (PMAY).
• Yadav is accused of fraudulently diverting funds, reselling PMAY units at inflated prices, collecting cash premiums, and diverting money to shell entities.
• The ED alleges Yadav generated illicit funds by cancelling PMAY allotments and reselling units at higher prices without refunds, resulting in dual payments.
• ED is valuing assets for potential attachment; Yadav's wife and children are in the US, with the agency alleging asset dissipation and hawala transactions.

Why It Matters: This highlights fraud in a government housing scheme, impacting many citizens.