Tag: Altus Space Builders

Latest StoriesRegulatory

ED Summons GMADA Head in ₹150 Crore Money Laundering Case

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…

Latest StoriesRegulatory

ED raids Punjab CM’s aide in land fraud case; CM denies ties

CHANDIGARH: On Thursday, the Enforcement Directorate (ED) conducted searches at multiple locations in Punjab and Chandigarh, targeting the premises associated with a purported aide of an OSD-rank official in the Chief Minister’s Office (CMO). This operation was part of an investigation into money laundering linked to two real estate groups accused of fraudulent land use changes and scamming investors. Approximately a dozen locations were searched in Mohali (SAS Nagar) and Chandigarh connected to the Suntec City project (developed by Indian Cooperative Housing Building Society – ICHBS) and its promoter, Ajay Sehgal, along with ABS Townships, Altus Space Builders, Dhir Constructions,…