The Enforcement Directorate (ED) in Hyderabad has provisionally attached five immovable properties worth ₹16.35 crore. This is part of an investigation into a cheating case involving office bearers of M/s Vivekanand BHEL Employee Mutually Aided Cooperative House Building Society Ltd. and others. The attached properties include open land owned by builder M/s Tribha Ventures Pvt. Ltd., represented by P. Govardhan Reddy, and by D. Srinivasa Rao, President of the housing society, an ED official said. The probe started based on two police cases at Ramachandrapuram, Cyberabad, for cheating, criminal conspiracy, and violations of the Telangana Depositors Protection Act. Society members had complained about cheating, criminal breach of trust, diversion of deposits, and misappropriation of funds meant for a housing project at Muthangi village. A chargesheet was filed on July 1, 2025, against the president, treasurer, directors of the society, and the builder. They face allegations of diverting society funds and making unlawful gains. The society collected about ₹18.09 crore from 316 members to allot residential plots and build houses. However, the funds were allegedly diverted by office bearers and the builder, rather than used for the housing project. Investigators found that large sums were transferred from the society’s bank account into the builder’s and other personal accounts. The money was withdrawn through self-cheques and moved through third-party firms to turn into cash. These diverted funds were then used to buy land, which was registered not in the society’s name but in the builder’s and President’s names. The ED called the case proceeds of crime worth around ₹17.31 crore. Further investigation continues.