₹222 Cr PMAY Scam: ED to Charge OSBPL's Swaraj Singh Yadav

• Housing scam uncovered: Ocean Seven Buildtech (OSBPL) and promoter Swaraj Singh Yadav accused of irregularities in Pradhan Mantri Awas Yojana (PMAY) houses.
• Reselling PMAY houses: Yadav allegedly resold houses meant for the poor at inflated prices (Rs. 40-50 lakh each, originally Rs. 26.5 lakh).
• Rs. 222 crore diverted: Yadav is accused of diverting and hiding Rs. 222 crore obtained from house buyers, including through cash transactions and shell companies.
• ED investigation: The Enforcement Directorate (ED) is preparing to file a chargesheet against Yadav, who was arrested, and plans to attach assets to return money to affected buyers.
• International money transfer: Allegations include sending money abroad via hawala routes through his wife's bank account.

Why It Matters: Fraud in a housing scheme for the poor denies homes to needy families.