A city-based complaint has urged the Securities and Exchange Board of India (SEBI) to investigate alleged fund diversion, investor cheating and money laundering involving more than ₹275 crore in a Slum Rehabilitation Authority (SEA) project at Khot Dongri in Malad East, Mumbai.
The complaint filed by one Nikesh Raghani relates to a redevelopment project under the SRA scheme at Rani Sati Marg, spread over about 5,600 sq. metres.