The Ocean Seven Buildtech case has seen a fresh asset attachment, with the Enforcement Directorate (ED) provisionally attaching movable and immovable properties worth ₹136.42 crore in an alleged money laundering investigation.
The ED’s Headquarters Investigation Unit-II in New Delhi issued the attachment order under the Prevention of Money Laundering Act (PMLA), 2002, the agency said on Wednesday.
The attached properties include land parcels in Village Bilonchi in Jaipur district and Kotputli-Behror in Rajasthan. The list also includes a residential plot in Sector 102, Gurugram, and balances in five bank accounts held by Ocean Seven Buildtech Private Limited (OSBPL), its promoter Swaraj Singh Yadav and his wife, Sunita Swaraj.
The movable assets comprise bank balances worth ₹69.06 lakh. With the latest action, the total value of assets attached in the case has risen to approximately ₹188 crore.
Ocean Seven Buildtech Case Linked to Real Estate Projects
The ED initiated its investigation based on FIRs registered by the Economic Offences Wings of Delhi Police, Haryana Police and Rajasthan Police. The complaints name OSBPL, Swaraj Singh Yadav and others, alleging cheating, criminal breach of trust, forgery and criminal conspiracy involving the company’s real estate projects.
The latest attachment primarily relates to an FIR registered on December 7, 2025, at Daulatpura police station on the Jaipur-Ajmer Highway, and another registered on November 23, 2025, at Paniyala police station in Kotputli-Behror.
Earlier, the ED attached assets worth ₹51.57 crore through a provisional attachment order dated January 5, 2026. It also filed a prosecution complaint before the Special Court under the PMLA at Patiala House Court, New Delhi, on January 9, 2026.
ED Alleges Diversion of ₹118 Crore From Plot Buyers
According to the ED, OSBPL collected more than ₹118 crore from plot buyers across four Rajasthan projects between December 2006 and March 2015.
The projects included Amber Garden in Village Bilonchi, Jaipur, and Kot Residency, Kot Farms and Kot Industrial Estate in Kotputli-Behror.
The agency said buyers were promised that the projects would be developed and possession of allotted plots handed over within three to four years. However, inspections by the Jaipur Development Authority and revenue authorities found that the projects had not been developed and the sites remained substantially vacant.
In the case of Amber Garden, collections reportedly began in December 2006, before the company had even applied to the Jaipur Development Authority for the project map.
The ED said several buyers had paid the full consideration and, in some cases, obtained registered conveyance deeds and possession letters. However, they were not given possession, and their plots were not demarcated.
The agency further alleged that funds collected from buyers were diverted for unrelated purposes, including purchasing office premises in Gurugram and making advances towards other projects.
ED Attaches Land Allegedly Transferred After FIRs
The investigation also found that approximately 39 acres of land owned by the company and its promoters were transferred between June and September 2025, after the FIRs were registered.
According to the ED, the land was alienated in favour of close associates or third-party entities. These properties have also been attached under the provisional attachment order.
The agency said further investigation in the Ocean Seven Buildtech case is in progress.
