Tag: Enforcement Directorate

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SC Revives 213 Udaipur Flats After ED Aids Homebuyers

NEW DELHI: In a significant relief for over 200 homebuyers involved in the Udaipur-based Royal Rajvilas (RRV) project, the Supreme Court has lifted the attachment on their flats by the Enforcement Directorate (ED). The Court also dismissed the ED’s challenge to the insolvency resolution process, which had seen a new owner approved by the Mumbai bench of the National Company Law Tribunal (NCLT) to complete the project. Udaipur Entertainment World Pvt Ltd (UEWPL), the original owner, is now under new management. The apex court commended the ED for its role in helping over 200 homebuyers reclaim their dream homes, which…

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Telangana HC rebukes collector for delay in land report

HYDERABAD: The Telangana High Court expressed dissatisfaction with the Rangareddy district collector for failing to submit an affidavit after more than three months, stating that this reflected poorly on his diligence. “What is stopping you? You have not filed the report even after three months,” remarked the court. Justice EV Venugopal made these comments while addressing a petition and contempt case regarding alleged illegal constructions on government lands classified as prohibited in Nagaram village, Maheswaram mandal. The disputed lands are reportedly part of Bhoodan properties, with allegations that several current and retired IAS and IPS officers and their family members…

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ED files chargesheet against ex-VVCMC chief in building case

MUMBAI: The Enforcement Directorate (ED) has filed a chargesheet against former Vasai-Virar City Municipal Corporation (VVCM) chief Anil Pawar (IAS), town planning deputy director Y.S. Reddy, and 16 others over a money laundering case related to illegal building constructions. As part of the investigation, the ED has attached properties worth around ₹71 crore belonging to the accused and builders who constructed 41 illegal buildings in Vasai Virar, which are now set for demolition following a Bombay High Court ruling. In August, the ED arrested Pawar, Reddy, and two others; they are currently in custody. The ED collected statements from several…

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SC Requests MCA Records on Indiabulls Complaint Closures

NEW DELHI: The Supreme Court on Wednesday instructed the Ministry of Corporate Affairs to submit the original records related to the closures of irregularities identified by the Securities Exchange Board of India (SEBI) concerning Indiabulls Housing Finance Limited, now known as Sammaan Capital Limited. A bench comprised of Justices Surya Kant, Ujjal Bhuyan, and N Kotiswar Singh requested Additional Solicitor General SV Raju, representing central investigating agencies, to clarify how many cases have been closed. “We wish to understand the extent of your leniency in resolving hundreds of objections,” Justice Kant remarked, directing that a senior official from the Ministry…

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ED Seizes 34 More Properties Valued at ₹40 Crore in MUDA Case

NEW DELHI: The Enforcement Directorate (ED) has attached an additional 34 properties valued at over Rs 40 crore as part of its investigation into the Mysore Urban Development Authority (MUDA) land scam, bringing the total asset value attached to over Rs 440 crore. The investigation was initiated following an FIR filed by the Karnataka Lokayukta, focusing on a large-scale scam related to site allotments by MUDA officials. “The investigation uncovered a pattern of routing and layering of illegal payments received by GT Dinesh Kumar, former MUDA commissioner. The ill-gotten gains were used to acquire properties under the names of Kumar’s…

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ED Seizes Ozone Urbana Assets Valued at ₹423 Crore in Karnataka

NEW DELHI: The Enforcement Directorate (ED) has attached unsold flats and land valued at over Rs 423 crore belonging to the promoters of a Karnataka-based real estate firm due to allegations of duping homebuyers. This action was taken on Saturday. The measures target Bengaluru-based Ozone Urbana Infra Developers and its primary promoter, S Vadudevan. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach 92 flats in the Avenue project and 13 flats in the Aqua 2 project, as well as 4.5 acres of commercial land and personal properties belonging to Vasudevan, as stated…

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ED Seizes Ansal Properties Valued at Over ₹10 Crore

CHANDIGARH: The Enforcement Directorate’s (ED) Gurugram Zonal Office announced on Wednesday the provisional attachment of six immovable properties associated with the Ansal family, valued at ₹10.55 crore, under the Prevention of Money Laundering Act (PMLA), 2002. These properties are reportedly owned by directors and beneficiary owners of M/s Ansal Properties and Infrastructure Ltd (APIL): Sushil Ansal, Pranav Ansal, and Kusum Ansal. The action follows the company’s failure to repay environmental compensation mandated by various environmental agencies due to violations of The Water (Prevention and Control of Pollution) Act, 1974, and The Air (Prevention and Control of Pollution) Act, 1981. The…

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ED Seizes Over ₹10 Crore in Assets of Ansal Promoters

NEW DELHI: The Enforcement Directorate (ED) has attached six immovable properties valued at ₹10.55 crore belonging to certain directors and shareholders of Gurugram-based Ansal Properties and Infrastructure Ltd (APIL) under the anti-money laundering law. This action is part of a case linked to alleged violations of environmental protection laws, as stated by the ED on Wednesday. The properties, which are provisionally frozen under the Prevention of Money Laundering Act (PMLA), include commercial units in Gurugram (Haryana), Greater Noida (Uttar Pradesh), and Ludhiana (Punjab). The assets belong to notable figures associated with APIL, such as Sushil Ansal, Pranav Ansal, and Kusum…

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ED Seizes ₹153 Crore in Universal Buildwell PMLA Case

CHANDIGARH: The Gurugram zonal office of the Directorate of Enforcement (ED) has provisionally attached properties valued at Rs 153.16 crore, belonging to the former promoters of M/s Universal Buildwell Private Limited and its affiliated entities, alongside their key associates. The attached assets encompass 29.45 acres in Behror, Rajasthan, several units at Universal Trade Tower, Sector 49, Gurugram, and a fixed deposit of Rs 3.16 crore, as per provisional attachment orders issued by adjudicating authorities last week. The ED also filed a chargesheet against the accused during this timeframe. The investigation was prompted by over 30 FIRs filed under various Indian…

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ED Questions Actor Jagapathi Babu in Sahiti Infra Case

HYDERABAD: On Thursday, Enforcement Directorate (ED) officials interrogated actor Jagapathi Babu regarding the Sahiti Infra case. Investigations revealed that his financial interactions with the company were primarily legitimate. Sources indicated that the actor was summoned to clarify his financial transactions with Sahiti Infra, which is being scrutinized for allegedly defrauding numerous homebuyers. Jagapathi Babu had promoted the real estate company in various advertisements and received payment for his endorsements. The ED confirmed that there are no criminal proceeds associated with him. The ED’s prosecution complaint elaborated on the actions of Sahiti Infratech Ventures India Private Limited (SIVIPL), spearheaded by Boodati…