ED raids Hyderabad-based Developers' properties

Enforcement Directorate (ED) sleuths have conducted searches on the properties of Syed Akhtar, owner of SA Builders and Developers, in connection with the Heera Gold fraud case. ED sources said SA Builders allegedly received over Rs 50 crore from the accounts of Heera Gold case prime accused Nowhera Sheikh. The searches, which started on Friday afternoon and ended in the wee hours of Saturday, were conducted in the case of money laundering booked against the Heera case accused. The ED said Akhtar was not cooperating with the investigation agency. ED sleuths might conduct more searches on the properties of other accused in the Heera Gold cases. The agency had already attached Rs 300 crore properties of Heera Group and has been probing how the money was sent out.