Tag: Delhi Police EOW

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Delhi Police EOW Files Fraud Case Against Gurugram’s Experion Developers

GURUGRAM: The Economic Offences Wing of the Delhi Police has registered an FIR against Gurugram-based real estate firm Experion Developers Private Limited and its affiliate, Experion Capital Private Limited, for fraud. This action follows a complaint lodged by the Enforcement Directorate, according to an official statement released on Thursday. The ED’s complaint originated from its inquiry into a money laundering case involving Religare Finvest Limited (RFL). As per ED findings, former RFL promoters Malvinder Mohan Singh and Shivinder Mohan Singh allegedly misappropriated around Rs 2,036 crore from RFL through entities that they directly or indirectly control. Investigations revealed that the…

Latest StoriesRegulatory

Delhi Police EOW Investigates Suraksha Realty for Fund Diversion

NEW DELHI: The Economic Offences Wing (EOW) of the Delhi Police has initiated a case against the Mumbai-based Suraksha Group for allegedly misappropriating over ₹230 crore from Jaypee Infratech Ltd (JIL). This amount was intended for the construction of stalled residential flats for homebuyers. Sources informed PTI that the Enforcement Directorate (ED) may file a new FIR against Suraksha Group and related parties in response to the EOW’s FIR. On June 4, 2024, Suraksha Group took over JIL following the NCLAT’s decision to approve its acquisition bid. The Corporate Insolvency Resolution Process (CIRP) for JIL began in August 2017, initiated…