Tag: Enforcement Directorate

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ED Detains Former Jaypee Infratech MD in ₹14,599 Crore Case

NEW DELHI: The Enforcement Directorate has arrested Manoj Gaur, former Managing Director of Jaypee Infratech Ltd., in connection with a money laundering investigation involving an alleged Rs 14,599 crore fraud against home buyers, according to official sources. The businessman was apprehended under the Prevention of Money Laundering Act (PMLA). The agency claims that funds gathered from home buyers were misappropriated to various trusts, resulting in unfinished projects and defrauded investors. The ED’s investigation revealed that Gaur serves as the Managing Trustee of Jaypee Sewa Sansthan (JSS), which benefitted from these diverted funds. The case against him relates to the alleged…

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ED probes 14 sites linked to ex-Lodha Developers director

MUMBAI: The Enforcement Directorate (ED) has conducted searches at 14 locations in Mumbai and nearby areas associated with Rajendra Lodha, the former director of Lodha Developers (now Macrotech Developers), and his associates as part of a money laundering investigation. Rajendra is accused of defrauding the Lodha Group, established by minister and BJP leader Mangal Prabhat Lodha, by illegally selling apartments in a New Cuffe Parade project. The city crime branch had previously arrested him, leading to the ED’s case based on that FIR. One of the locations searched belonged to Vinod Patil, the brother of a former MNS MLA. Neighbors,…

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Charges Filed Against SRS Group Promoters in ₹2,200 Cr Scam

Representative image GURUGRAM: A significant development in one of North India’s largest real estate fraud cases has emerged as a PMLA court has charged key officials and promoters of the SRS Group in connection with a ₹2,200-crore money laundering investigation led by the Enforcement Directorate (ED). The court’s order, issued on Nov 3, lists charges against Anil Jindal, the promoter-director of SRS Group, along with Vinod Jindal, Bishan Bansal, Rajesh Singla, Vinod Kumar Garg, Navneet Kwatra, Seema Narang, Dheeraj Gupta, and Devender Adhana. Charges have also been filed against three corporate entities: SRS Real Estate, Horizon Global, and SRS Finance.…

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ED, IBBI Set New Standards for Restoring Assets to Cheated Homebuyers

NEW DELHI: The Enforcement Directorate (ED) announced that the assets of bankrupt companies and their promoters, which were previously attached under anti-money laundering laws, will now be returned to affected parties like banks or homebuyers. This follows the establishment of a new standard operating procedure, as stated by the federal probe agency on Wednesday. The Insolvency and Bankruptcy Board of India (IBBI) issued a circular on November 4 after extensive coordination meetings with ED officials. The coordinated efforts resulted in a “standard undertaking” to be submitted by Insolvency Professionals (IPs) to the special PMLA court for releasing ED-attached assets for…

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ED Seizes ₹110 Crore in Assets from Rohtas Group

LUCKNOW: The Enforcement Directorate (ED), Lucknow Zonal Office, has provisionally attached properties worth Rs 110.05 crore, with a current market value surpassing Rs 300 crore, under the Prevention of Money Laundering Act. This action, taken on October 28, pertains to a money laundering investigation involving Rohtas Project Limited and other entities. As per the agency, the attached assets are held under the names of associated companies and limited liability partnerships (LLPs) of the Rohtas Group—Amalya Constructions LLP and Amyra Infrastructure LLP—both operated by the LJK Group. All properties are situated in Lucknow. The ED’s investigation was prompted by 83 FIRs…

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Telangana HC Demands Police Response on Bhoodan Land Alert

HYDERABAD: The Telangana High Court directed the state counsel to gather information from the Maheswaram police concerning a communication from the Enforcement Directorate (ED) about alleged irregularities related to the transfer of Bhoodan and restricted lands in Nagaram village, Maheswaram. The ED, which initiated an investigation into the alleged land fraud, informed the police in February 2024 that its preliminary inquiry indicated document fabrication, forgery, and manipulation of revenue records, possibly involving government officials. The agency recommended that the deputy commissioner of police (Maheswaram zone) take further action, as reported by petitioner Dastagir Shareef in court. Shareef claimed that no…

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SC to Hear ED’s Plea on Illegal Arrest of Vasai-Virar Chief

NEW DELHI: The Supreme Court has agreed to hear a petition from the Enforcement Directorate (ED) challenging a Bombay High Court ruling that deemed the arrest of former Vasai-Virar civic body chief Anil Pawar in a money laundering case as “illegal”. The ED arrested Pawar on August 13 in connection with the case. According to the ED, illegal constructions were made, involving the development of 41 buildings between 2008 and 2010 by the accused builders and developers in collusion with City and Industrial Development Corporation of Maharashtra officials. The ED’s appeal against the high court’s order from October 15 was…

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ED Seizes ₹12 Crore Assets of Sahiti Infratec in ₹842 Crore Scam

HYDERABAD: The Enforcement Directorate’s Hyderabad zonal office has seized movable and immovable assets valued at ₹12.6 crore belonging to Sahiti Infratec Ventures India Private Limited (SIVIPL), its ex-director Sandu Purnachandra Rao, his family, and related entities under the Prevention of Money Laundering Act. This action was prompted by various FIRs filed by the Telangana police against SIVIPL and its promoters, following complaints from investors who claim they were defrauded of ₹842 crore. The investors were promised residential properties that were never delivered. The ED uncovered that SIVIPL raised substantial amounts without the necessary approvals from the Real Estate Regulatory Authority…

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HC Calls Ex-Civic Chief’s Arrest in Money Laundering ‘Illegal’

MUMBAI: The Bombay High Court deemed the arrest of Anil Pawar, former chief of the Vasai-Virar civic body near Mumbai, by the Enforcement Directorate (ED) as “illegal” in a money laundering matter, ordering his immediate release. A bench comprising Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad stated that the ED lacked “tangible material” necessary for his arrest. “We find that on August 13, 2025, the arresting officer had no material as stipulated under section 19 of the Prevention of Money Laundering Act, which indicates a belief that the person is guilty of the offence,” the HC stated. “There is…

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ED Seizes ₹44 Crore Assets of Ex-VVMC Chief in Construction Case

MUMBAI: The Enforcement Directorate (ED) has seized assets totaling Rs 71 crore in connection with illegal constructions in Vasai-Virar, of which Rs 44 crore is linked to Anil Pawar (IAS), the former chief of Vasai-Virar City Municipal Corporation. The ED had previously filed charges against Pawar, town planning deputy director Y.S. Reddy, and 16 others for their involvement in a money laundering case related to unauthorized building projects. During the investigation, the agency attached properties belonging to the accused and builders responsible for constructing 41 illegal buildings in Vasai-Virar, which were ordered to be demolished by the High Court. In…