The Enforcement Directorate on Monday conducted searches on 10 premises (7 residences and 3 offices) belonging to Omkar Group and its officials Babulal Verma and Kamal Kishore Gupta in connection with a money laundering case.

Omkar Group, one of the leading builders in Mumbai, is alleged to have misused various permissions given under Slum Rehabilitation Authority (SRA) schemes. The group also diverted around 450 crores taken by way of loan from Yes bank.