Noida ED Raid: The Enforcement Directorate (ED) on Thursday raided the Venice Mall in Greater Noida along with some other locations as part of a money laundering probe against a Noida-based real estate group. The group, Infotech and Infrastructure Pvt Ltd, is accused of cheating home buyers of approximately Rs 40 crore, according to officials. The action is being taken against its director and promoter, Satinder Singh Bhasin, along with others.

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Officials from the ED conducted searches at the company's premises in Greater Noida, including the Grand Venice Mall, as well as locations in Noida, Delhi, and Goa, under the Prevention of Money Laundering Act (PMLA). The ED's investigation follows around 40 police FIRs filed against the company and its promoters by investors who allegedly did not receive their promised homes.

The estimated amount "cheated" from the investors is approximately Rs 40 crore. Bhasin has been involved in a dispute with the DS Group over a partnership in the Grand Venice Mall. Last month, the police arrested Bhasin and presented him in court, but he was granted bail.

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DS Group had acquired about 70 per cent of the mall's shares, leading to ongoing tensions between the two groups. Bhasin Builders has also faced multiple legal cases in the past, with buyers accusing the company of taking large sums of money without delivering the promised shops.