ED to Charge Gurugram Firm, Promoter for ₹222 Cr PMAY Scam

• ED to chargesheet Gurugram realty firm Ocean Seven Buildtech Pvt. Ltd. (OSBPL) and its promoter Swaraj Singh Yadav for multi-crore fraud and money laundering in the PMAY scheme.
• Swaraj Singh Yadav, MD of OSBPL, was arrested on November 13 and is currently in judicial custody.
• Yadav allegedly diverted ₹222 crore of homebuyers' funds by fraudulently cancelling and reselling PMAY units at inflated prices, collecting cash premiums.
• The ED is valuing company assets for attachment and investigating Yadav's alleged accelerated asset liquidation and hawala transactions to the USA.

Why It Matters: It reveals fraud in a government housing scheme, impacting homebuyers and public funds.