The briefing
A city-based complainant, Nikesh Raghani, has asked SEBI to investigate alleged fund diversion, investor cheating, and money laundering exceeding ₹275 crore tied to a slum rehabilitation project in Malad East, Mumbai. The allegations relate to a redevelopment under the SRA scheme at Rani Sati Marg covering about 5,600 sq. m.
Original headline
SEBI urged to probe alleged ₹275 crore fund diversion in slum rehab project by listed firm