Stories
Ozone Group President Vasudevan Sathyamurthy Arrested; 423 Crore Assets Seized!
N
News18•02-10-2026, 15:17
Ozone Group President Vasudevan Sathyamurthy Arrested; 423 Crore Assets Seized!
- •ED arrested Vasudevan Sathyamurthy, head of Ozone Group, in connection with a Rs 927 crore illegal money laundering case.
- •The PMLA special court remanded Sathyamurthy in ED custody for fourteen days.
- •Vasudevan Sathyamurthy is accused of taking money from home buyers, misusing it, and distributing the same flat to multiple customers.
- •He allegedly cheated by taking multiple home loans on the same flats and issuing booking receipts without any transaction.
- •Rs 180 crore was transferred from Ozone Urbana to Tuscan company, and Rs 41 crore came to Sathyamurthy's personal account. ED had already seized assets worth Rs 423 crore.
Key Questions Answered
Vasudevan Sathyamurthy was arrested in connection with a Rs 927 crore illegal money laundering case involving fraud against home buyers.
Sathyamurthy took money from home buyers and transferred it elsewhere without giving possession, distributed the same flat to multiple customers, took multiple home loans on the same flats, and issued booking receipts without any transactions.
The ED seized assets worth 423 crore rupees in March in connection with the money laundering and fraud investigation.
