Tag: Enforcement Directorate

Latest StoriesRegulatory

ED Probes Jalandhar Businessman’s Properties Further

JALANDHAR: The Enforcement Directorate (ED) continued its search on Wednesday at the offices and home of Amit Bajaj, a local contractor linked to municipal projects and known to have ties with the Aam Aadmi Party (AAP). Bajaj is reportedly involved in various projects for the Jalandhar municipal corporation and other government initiatives. The searches are part of an ongoing money laundering investigation related to Hampton Sky Realty Ltd, a firm allegedly associated with former Punjab minister Sanjeev Arora and his family, with Arora having been arrested by the ED last month. According to ED sources, operations were conducted at six…

Latest StoriesRegulatory

ED Raids Punjab, UP in Sanjeev Arora Case

JALANDHAR: The Enforcement Directorate launched new searches on Tuesday as part of a money laundering investigation involving Punjab Minister Sanjeev Arora and others in connection with a suspected ₹100 crore GST fraud linked to mobile phone sales. Authorities revealed that approximately six locations in Jalandhar, Ludhiana (Punjab), Bareilly, and Noida (Uttar Pradesh) are being examined. The searches target both residences and business offices associated with the individuals and entities under scrutiny, including Hampton Sky Realty Ltd., a company linked to Arora. Arora, 62, was arrested by the central agency last month after extensive searches at his official residence in Chandigarh,…

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

SC urges Karnataka HC to swiftly resolve ED-Empire East dispute

NEW DELHI: The Supreme Court has urged the Karnataka High Court to quickly resolve ongoing petitions involving Embassy East Business Park Pvt Ltd, while choosing not to intervene in an interim order currently in effect from the High Court. A Bench comprising Justice Dipankar Datta and Justice Augustine George Masih issued this directive while addressing a Special Leave Petition presented by the Enforcement Directorate (ED) in relation to an interim order concerning Embassy East Business Park Pvt. Ltd. and others. The Bench remarked that the criminal petition and associated matters are already scheduled for hearing before the Karnataka High Court…

Latest StoriesRegulatory

ED Arrests Vikram Wadhwa in ₹645-Crore IDFC Bank Fraud Case

NEW DELHI: The Enforcement Directorate (ED) announced on Monday that it has made a third arrest related to its investigation into the alleged embezzlement of ₹645 crore from bank accounts associated with the Haryana government, Chandigarh administration, and two private schools held with IDFC First Bank. On May 29, the ED detained real estate businessman Vikram Wadhwa under the Prevention of Money Laundering Act (PMLA), alleging he received over ₹70 crore in ill-gotten gains and played a pivotal role in the generation, layering, and concealment of these laundered funds, according to an official statement. Following his arrest under Section 19…

Latest StoriesRegulatory

ED to Record Jaipur Farmers’ Claims of Land Grab by Developers

JAIPUR: The Jaipur branch of the Enforcement Directorate (ED) has summoned multiple farmers on June 3 as part of an investigation into alleged money laundering and fraudulent land aggregation, according to officials. The farmers have accused real estate developers of unlawfully seizing their ancestral agricultural land by misusing powers of attorney. The ED plans to record the farmers’ statements and collect documents related to these transactions. Farmers from the Sanganer region, including Jaisinghpura, have stated that although they legally sold their land years ago and received full payment, they later found that ownership rights were purportedly altered without their consent.…

Latest StoriesRegulatory

ED Arrests Noida’s Bhasin Infotech Promoter

NEW DELHI: The Enforcement Directorate has apprehended the promoter of a Noida-based real estate firm in a money laundering investigation tied to the alleged cheating of home buyers, officials reported on Saturday. Satinder Singh Bhasin, director of Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL) and owner of Grand Venice Mall in Greater Noida, was arrested on Friday. He was presented before a special court under the Prevention of Money Laundering Act (PMLA) in Ghaziabad, Uttar Pradesh, which ordered him to be held in Enforcement Directorate (ED) custody until June 6, as stated by officials. Authorities have claimed that Bhasin was…

Latest StoriesRegulatory

ED Seizes ₹634 Crore Assets in Unitech Money Laundering Case

NEW DELHI: The Enforcement Directorate announced on Friday that it has attached assets valued at ₹634 crore from a significant real estate project by the Unitech Group in Noida. This action pertains to a money laundering investigation related to suspected fraud against homebuyers. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to seize properties linked to the Unitech Golf and Country Club (UGCC) Project, located in Sectors 96, 97, and 98 of Noida, Uttar Pradesh, according to the central agency’s statement. The seizure includes leasehold rights over 347.83 acres of land and equity stakes…

Latest StoriesRegulatory

SC asks Centre, ED, RBI about plea on homebuyer fund misuse

NEW DELHI: The Supreme Court has requested responses from the Centre, ED, RBI, and other parties, including certain real estate firms, regarding a plea claiming that significant amounts collected from homebuyers in Noida and Yamuna Expressway projects were misappropriated. A bench consisting of Chief Justice of India Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi acknowledged the submissions by lawyer Prashant Bhushan, representing petitioner Vandana Sabharwal, and issued notices to the respondents due by July 15. The bench also called for responses from the Union ministries of Housing and Urban Affairs, Corporate Affairs, as well as Uttar Pradesh…

Latest StoriesRegulatory

ED Searches Punjab Properties in Real Estate Fraud Case

CHANDIGARH: On Tuesday, the Enforcement Directorate initiated searches at multiple sites in Punjab and Chandigarh linked to a real estate company and its promoters, as part of a money laundering investigation related to alleged fraud involving the Greater Mohali Area Development Authority (GMADA), according to officials. Locations associated with Chandigarh Royale City Promoters Pvt. Ltd. (CRCPL), Royale Estate Group (located in Zirakpur, Mohali), and other individuals such as Praveen Kansal alias Rocky, Neeraj Kansal, Daljit Singh, Anurag Midha, Liaqat Ali, and Sumit Bansal were targeted during these searches. This action was taken under the Prevention of Money Laundering Act (PMLA).…