Mumbai ED Attaches ₹19 Crore Assets Of Karrm Developers

The Directorate of Enforcement (ED) Mumbai has provisionally attached movable and immovable properties worth ₹19.61 crore belonging to the directors, group entities, and others in connection with a money laundering case involving M/s Karrm Infrastructure Private Limited (KIPL) and M/s Karrm Brahmaand Affordable Homes Private Limited (KBAHPL).

Earlier, in December 2023, the Bombay High Court had strongly criticized the Maharashtra Police's investigation into the massive housing scam.

The actor had endorsed and promoted the housing projects Karrm Residency at Dhasai village, Shahpur, Karrm Panchtatva at Kasagaon, Shahpur, and Karrm Brahmaand at Kelwe Road, Palghar, which left over 11,500 buyers stranded without their promised homes.

Karrm Infrastructure had launched multiple affordable housing projects, promising low-cost homes under its “Mission 360” initiative, targeting flat buyers mostly from the lower-middle class. The developer allegedly used fake and forged documents to lure customers, falsely showcasing agricultural land as non-agricultural land to deceive homebuyers.