ED arrests Ozone Urbana Infra CMD in ₹927.22 crore probe
In short
The ED arrested the CMD of Ozone Urbana Infra Developers on September 30 in a ₹927.22 crore case linked to alleged fraud against homebuyers. The report says the arrest was made under the Prevention of Money Laundering Act.
This is a serious legal blow for the company and the probe, but the report does not say what happens next in court. It also does not say whether any money has been recovered.
What the reporting says
The ED arrested the CMD of Ozone Urbana Infra Developers on September 30 in a ₹927.22 crore alleged homebuyer fraud case, according to the headline and summary. The report says the arrest was made under Section 19 of the Prevention of Money Laundering Act, 2002, in connection with a money laundering investigation against the company and others. The available reporting does not state the court status or whether funds have been recovered.
Why it matters
The ED arrested the CMD of Ozone Urbana Infra Developers on September 30 in connection with a ₹927.22 crore alleged homebuyer fraud case. The summary says the arrest was made under Section 19 of the Prevention of Money Laundering Act, 2002, as part of a money laundering investigation against the company and others. The reporting does not state the court outcome or recovery status.