Tag: Earth Infrastructures Ltd.

Latest StoriesRegulatory

ED Arrests Earth Infrastructures’ Promoters in ₹2,004 Crore Fraud

NEW DELHI: The Enforcement Directorate (ED) has apprehended four promoters of a real estate company as part of a money laundering investigation linked to a reported Rs 2,004-crore scam that has impacted over 19,000 homebuyers and investors. The individuals involved–Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta, and Vikas Gupta–are directors of Earth Infrastructures Ltd. They were taken into custody on June 1 under the Prevention of Money Laundering Act (PMLA), according to an official announcement made on Tuesday. The accused were presented before a specialized PMLA court in Delhi, which granted the agency five days for further interrogation. The federal…

Latest StoriesRegulatory

ED Seizes ₹6 Crore in Homebuyers’ Fraud Case Against Earth Infrastructures

NEW DELHI: The Enforcement Directorate (ED) has confiscated ₹6.3 crore in cash and jewellery valued at ₹7.5 crore during investigations into a Delhi-based real estate company accused of defrauding homebuyers, which is currently facing insolvency proceedings, as reported on Saturday. The operation, conducted under the Prevention of Money Laundering Act (PMLA), began on Friday, targeting 10 locations associated with former directors, promoters, and related entities of Earth Infrastructures Ltd. (EIL) in Delhi and Gurugram. The company has been undergoing a corporate insolvency resolution process (CIRP) since June 2018, according to official records. The ED’s investigation was prompted by five FIRs…