Tag: money laundering

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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 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 ₹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 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: Debock Industries Owner Invested Crime Proceeds in Real Estate

AI-generated Representative Image JAIPUR: The owner of Debock Industries Ltd has been investing over Rs 100 crore in real estate, utilizing proceeds from a financial fraud. The acquisitions include villas, housing schemes, hotels, and resorts equipped with wedding banquet halls. This information was disclosed by officials from the Enforcement Directorate (ED), who are investigating the money laundering case concerning the group. As the raids unfolded on Saturday, an ED officer stated, “We have seized Rs 78 lakh, property papers for 150 bighas of land, along with incriminating documents and evidence against the company.” “They were developing a resort near Chaksu…

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ED Suspends HMDA Official; ₹250 Crore Assets and Realtor Links Under Investigation

HYDERABAD: On Wednesday, the Enforcement Directorate (ED) in Hyderabad carried out searches at several locations associated with suspended HMDA official Shiva Balakrishna. This action is part of an ongoing investigation into alleged disproportionate assets identified by the Anti-Corruption Bureau (ACB). Shiva Balakrishna, previously a planning officer at Hyderabad Metro Rail Limited (HMRL) and in-charge Secretary of the Telangana Real Estate Regulatory Authority (RERA), was arrested by the ACB on January 25 for possessing assets disproportionate to his known income sources. The ACB also took his brother, Naveen Kumar, into custody in connection with the case. The ED has initiated an…