NEW DELHI: The Enforcement Directorate (ED) has provisionally attached assets worth around Rs 557.43 crore as part of a money laundering investigation concerning Mahira Infratech Pvt Ltd (previously known as M/s Sai Aina Farms Pvt Ltd), M/s Mahira Buildtech Pvt Ltd, and M/s Czar Buildwell Pvt Ltd.
According to an official statement, the ED utilized the Prevention of Money Laundering Act (PMLA) of 2002 to attach several assets, including seven immovable properties that total about 35 acres of residential and commercial land in Gurugram’s Sectors 68, 63A, 103, 104, 92, 88B, and 95. Additionally, Fixed Deposit Receipts (FDRs) amounting to approximately Rs 97 lakh from various companies were also secured.
The ED began its investigation following FIRs filed by the Gurugram Police against M/s Sai Aaina Farms Pvt. Ltd. and others under various sections of the Indian Penal Code (IPC) concerning cheating and forgery.
As stated in the release, the companies allegedly submitted forged documents, including fake bank guarantees, to obtain licenses for development works linked to affordable housing projects in Sectors 68, 103, and 104 of Gurugram. They reportedly collected over Rs 616 crore from nearly 3,700 homebuyers without delivering the promised homes, leading to an alleged misappropriation of funds.
The investigation revealed that the company inflated construction costs using bogus invoices from affiliated entities. Funds were misappropriated for the personal gain of the company’s directors and promoters, with homebuyer money being redirected as loans to other group companies, which have remained unpaid for years.
On February 15, 2024, and March 26, 2025, the ED attached properties worth Rs 81.07 crore associated with M/s Sai Aaina Farms Pvt. Ltd., M/s Mahira Buildtech Pvt. Ltd., M/s D S Home Construction Pvt. Ltd., Sikandar Singh, Dharam Singh Chhoker (former MLA), Vikas Chhoker, and other involved entities.
Sikandar Singh, a promoter of the Mahira Group, was arrested on April 30, 2024. A prosecution complaint has been filed and recognized by the Special Court in Gurugram.
Another significant suspect, Dharam Singh Chhoker, evaded capture for over a year despite six non-bailable warrants, but was arrested on May 5. Vikas Chhoker remains at large, with a proclamation issued against him by the Gurugram Special Court.
The investigation continues.
