The real estate sector in India has the maximum scope for money laundering activities and there should be some sort of regulatory mechanism to keep a check on such activities, Special Director of the Enforcement Directorate Balesh Kumar today said. “…real estate dealers and brokers should have some sort of regulatory mechanism.
Our estimate is that the maximum scope for money laundering in India is through the real estate sector. We do feel that this sector needs some kind of in- house regulation,” Kumar said during a workshop on money laundering hosted by BRICS Chamber of Commerce & Industry.
