MOHALI: The Enforcement Directorate’s (ED) Jalandhar zonal office has summoned the chief administrator of the Greater Mohali Area Development Authority (GMADA) to appear on Monday regarding a Rs 150 crore money laundering investigation.
The investigation centers on alleged irregularities in the change of land use (CLU) approvals for two key real estate projects: Suntec City and Altus Space Builders Private Limited.
The ED’s notice requires the chief administrator, or a representative with at least gazetted rank, to provide records and evidence at the Jalandhar office. These proceedings, conducted under Section 50 of the PMLA, are judicial in nature. Officials have indicated that non-compliance could lead to serious legal consequences under the PMLA (2002) and the BNS (2023).
As part of the inquiry, the ED has requested the complete file of approvals granted to Altus Space Builders, a list of officials involved in the approval process for these projects, and comprehensive details of all financial transactions between Altus Space Builders and GMADA.
This summons follows a series of raids on May 8, targeting 12 locations across Mohali, Chandigarh, and Patiala. Those involved included the Indian Cooperative Housing Building Society (promoters of Suntec City), its office-bearers, Altus Space Builders, ABS Townships, Dheer Constructions, and various intermediaries.
