Tag: Enforcement Directorate

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Goa Land Grab Scam Valuation May Surpass ₹1,200 Crore: ED

PANAJI: According to the Enforcement Directorate (ED), the market value of land parcels allegedly illegally acquired by Yeshwant Sawant and others is expected to surpass Rs 1,200 crore, as reported by Murari Shetye. The ED conducted searches on Monday and Tuesday at 13 residential and commercial locations across Goa and Hyderabad in this alleged land grab case, seizing Rs 72 lakh and seven luxury vehicles. The investigations were initiated under the Prevention of Money Laundering Act (PMLA) due to illegal grabs of comunidade lands in Goa. This action followed an FIR filed by the Goa police pertaining to the unlawful…

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ED Seizes Luxury Cars in Goa ‘Illegal’ Land Grab Case

NEW DELHI: The Enforcement Directorate (ED) has confiscated seven luxury vehicles including brands such as Porsche, Mercedes, and Audi, following raids in a money laundering investigation tied to an alleged ₹1,200 crore land grabbing case in Goa. This case involves an individual named Yeshwant Sawant and several others. The operation began on Tuesday and concluded on Wednesday. According to the ED, 13 residential and commercial properties in Goa and Hyderabad were examined under the Prevention of Money Laundering Act (PMLA) due to the “illegal” seizure of Communidade lands in Goa, as stated in the agency’s announcement. The ED’s case is…

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ED Seizes ₹100 Crore in Assets from Unnati Fortune Holdings

NEW DELHI: The Enforcement Directorate announced on Monday that it has attached fresh assets worth over Rs 100 crore belonging to a realtor from Uttar Pradesh and his company under the anti-money laundering law related to a cheating case. The assets are tied to ‘The Aranya Project,’ developed by Unnati Fortune Holdings Limited (UFHL), headed by Anil Mithas. Mithas, based in Ghaziabad, was arrested by the federal probe agency in April and remains in judicial custody. A chargesheet was submitted by the ED to a special Prevention of Money Laundering Act (PMLA) court in Ghaziabad in May. The ED’s investigation…

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ED: Builder Paid ₹15 Crore Bribe to Vasai’s Ex-Civic Chief

MUMBAI: The Enforcement Directorate (ED) claims that a builder paid Anil Pawar, the former civic chief of Vasai-Virar, and Y S Reddy, the deputy director of town planning, a bribe of Rs 15 crore to secure project clearances. Both individuals were arrested in August during a money laundering investigation connected to alleged illegal constructions and corruption. While seeking Reddy’s custody, the ED reported that both he and Pawar demanded Rs 30 per square foot from the builder, totaling a bribe request of Rs 4.3 crore for one project. According to an employee under Reddy’s supervision, bribes were collected and delivered…

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ED Uncovers ₹17 Crore Land Fraud Involving Dharani Misuse

HYDERABAD: An investigation by the Enforcement Directorate (ED) has uncovered alleged manipulation of the Dharani Portal, the state’s integrated land records management system, concerning the fraudulent acquisition and sale of government land in Nagaram village. Central to this case is a false affidavit that purportedly supported land succession and subsequent sale. The ED’s provisional attachment order indicates that Khader Unissa submitted an affidavit on the Dharani Portal, claiming to be the sole legal heir of her deceased father, Nawab Haji Ali Khan. Documentation and statements from revenue officials, however, confirm that Ali Khan had two sons, Farooq Ali Khan and…

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ED Raids 17 Builder Locations in Jaipur

JAIPUR: The Enforcement Directorate (ED) has executed extensive raids at various locations in the city, targeting the premises of businessmen involved in the real estate sector. The raids concentrated on 17 sites associated with businessmen Gyan Chand Agarwal, Jugal Kishor Derawala, Dalpat Singh, Govardhan Agarwal, and Anil Jain. These actions were initiated following a case under the Prevention of Money Laundering Act (PMLA) registered on June 9, 2025, which uncovered significant foreign investments by these individuals in Dubai, Singapore, Cyprus, and Hong Kong. Officials reported seizing important financial documents during the raids related to the accused’s dealings. Gyan Chand Agarwal…

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ED Arrests Ex-Director of Sahiti Infratech in ₹800 Crore Case

HYDERABAD: The Enforcement Directorate’s Hyderabad unit has arrested Sandu Purnachandra Rao, the former director of Sahiti Infratec Ventures India Pvt Ltd (SIVIPL), under the Prevention of Money Laundering Act (PMLA) for allegedly defrauding homebuyers of crores of rupees. Rao was taken into custody on Monday and presented before a special PMLA court in Nampally on Tuesday, where he was remanded to 15 days of judicial custody. Sahiti Infra is charged with defrauding homebuyers of approximately ₹360 crore. The ED initiated its investigation following an FIR filed by Telangana Police against SIVIPL, its managing director B. Lakshminarayan, and others, highlighting a…

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ED Conducts Searches on BPTP in Delhi-NCR

NEW DELHI: On Tuesday, the Enforcement Directorate conducted searches at locations linked to real estate firm BPTP across Delhi-NCR as part of an investigation into a foreign exchange violation case involving approximately Rs 500 crore, according to official sources. The searches were carried out at BPTP’s premises in Delhi, Noida, and Faridabad under the Foreign Exchange Management Act (FEMA). A probe revealed that BPTP received over Rs 500 crore in foreign investments pursuant to the “automatic route” from companies based in Mauritius during the 2007-2008 period, allegedly violating existing FEMA regulations, as per ED sources. A spokesperson for BPTP stated…

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Krrish Realtech diverted ₹205 crore from homebuyers to Colombo hotel: ED

GURUGRAM | NEW DELHI: A Gurugram realty company allegedly defrauded home buyers by collecting over Rs 500 crore for housing plots and misappropriating approximately Rs 205 crore for a hotel project in Sri Lanka, according to a chargesheet filed by the ED. The federal investigation agency is looking into various homebuyer fraud cases nationwide, particularly in the National Capital Region (NCR), where the real estate market is thriving. This specific inquiry involves Krrish Realtech, led by its promoter Amit Katyal, among others. Katyal was arrested in 2023 in a separate money laundering case linked to an alleged land-for-jobs scam with…

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ED: Ex-Vasai-Virar Chief and Co-Accused Committed Major Fraud

MUMBAI: Former Vasai-Virar civic chief Anil Pawar, along with three others, has been implicated in a money laundering case involving a “deliberate” abuse of administrative authority and the financial system to facilitate an extensive fraud, according to the Enforcement Directorate (ED) in a Mumbai court on Wednesday. The ED revealed that “hawala and angadia” channels were utilized to launder illicit proceeds not just within Maharashtra but also in other states. Following this, the special court, which included two real estate developers among the accused, placed all four individuals in custody one week post-arrest. The hawala system is an informal method…