MOHALI: On Monday, two senior officials from the Greater Mohali Area Development Authority (GMADA) attended a session with the Enforcement Directorate (ED) in Jalandhar as part of a Rs 150 crore money laundering investigation linked to significant real estate projects in Mohali.
GMADA’s Chief Administrator, Sandeep Kumar, revealed that he did not attend the meeting personally, but that two representatives—including the District Town Planner (DTP) and a superintendent—were sent to provide all necessary documentation pertaining to the case.
The officials presented a comprehensive set of records requested under the Prevention of Money Laundering Act (PMLA). The ED is probing the issuance of Change of Land Use (CLU) permissions and the approval processes for major projects such as Suntec City and Altus Space Builders Private Limited. Sources indicate that investigators are scrutinizing whether essential regulatory requirements were overlooked during the approval process.
The ED summoned a chief administrator or an authorized gazetted officer to present essential records, classifying these proceedings as judicial under Section 50 of the PMLA.
This latest development follows a series of raids conducted on May 8 at 12 locations across Mohali, Chandigarh, and Patiala, targeting several entities including the Indian Cooperative Housing Building Society, Altus Space Builders, ABS Townships, Dheer Constructions, and promoters of Suntec City. The agency specifically required complete files on project approvals and financial transaction records between GMADA and the involved private developers.
