More than 600 buyers paid ₹386 crore. After 10 to 15 years they still do not have the keys.

More than 600 homebuyers paid ₹386 crore. After 10 to 15 years, the Enforcement Directorate says, they still do not have possession. That gap is the file. Thursday's searches are how the agency has walked it.

The Gurugram Zonal Office of the Enforcement Directorate searched or surveyed seven Delhi-NCR premises on 19 and 20 August under the Prevention of Money Laundering Act. The file is a homebuyer and investor-fraud case. These are ED allegations. They are not a conviction.

The entities named are Tashee Land Developers Private Limited, KNS Infracon Private Limited, Soni Infratech Private Limited and associated persons. Among those persons is resolution professional Kashi Nath Shukla. A resolution professional is supposed to sit on a company that has already entered a court-supervised insolvency. His name on an ED search list is not a finding that the insolvency itself is a crime. It is a name the agency has put in the same sentence as the companies.

The predicate crimes, as ED has framed them, sit in police paper. Delhi Police and the Haryana Police Economic Offences Wing have first information reports and chargesheets on Tashee Capital Gateway in Sector 111, Gurugram, and on Orion Galaxy, formerly Spire South, in Sector 68. Two projects. Two sectors. The same group, in the agency's telling. This desk will not invent a tower count or a promised delivery year that is not on the card.

ED has also alleged diversion of the SWAMIH Investment Fund, housing-loan fraud and investor fraud. SWAMIH is named on this file as an investment fund. A fund alleged to have been diverted is not only a private quarrel between a builder and a buyer.

The agency's arithmetic is specific. The group collected ₹386 crore from more than 600 homebuyers and did not hand over possession after 10 to 15 years. About ₹120 crore of investor funds was allegedly misappropriated. Of that, ₹98 crore is alleged to have moved via SWAMIH. ₹386 crore is the buyer collection. ₹120 crore is the alleged investor misappropriation. ₹98 crore is the SWAMIH slice inside that ₹120 crore. This desk will not add the ₹386 crore to the ₹120 crore and print a larger unaudited total.

Buyer money and facility money, ED says, were moved among interconnected group and promoter-controlled entities. That is a circuit, not a single cheque. The card does not name the receiving entities beyond the three companies already listed. This desk will not invent a fourth letterhead.

On the promoter family the agency has put a foreign map. Members of Kashi Nath Shukla's family, ED says, settled abroad. Indian assets were liquidated over five to 10 years. Foreign investments included an old-age care home in the United Kingdom. One family member applied for St Kitts citizenship by investment. Those are ED sentences. A citizenship application is not a conviction. A care home in the United Kingdom is not, on these facts, a proved laundering vehicle. It is what the agency has alleged.

During the searches, documents, foreign-investment records and digital data were seized. Bank accounts and fixed deposits with ₹22 lakh, and a luxury car, were frozen or seized. ₹22 lakh is a frozen-paper figure. It is not the ₹386 crore the buyers paid. A luxury car on a seizure list is an exhibit. It is not a flat in Sector 111.

What this desk will not do is write a last meeting with a buyers' association, a RERA order number, or a possession date that nobody on this card has given. It will not name a family member who applied for St Kitts papers, because that name is not here. It will not turn seven premises into a list of addresses.

Until a court writes, the public ledger is this. Seven premises. Two named projects in Gurugram. Three named companies. A resolution professional who is also a promoter name on the family map. More than 600 buyers. ₹386 crore collected. Ten to 15 years without keys. ₹120 crore alleged as misappropriated investor money, ₹98 crore of it through SWAMIH. ₹22 lakh and a car frozen. A named investment fund sitting inside a money-laundering search. The keys, ED says, were never handed over. The searches are the agency's first walk through that sentence.