The Enforcement Directorate searched 13 locations across Delhi-NCR, Bengaluru and Chandigarh over alleged fraudulent housing loans taken in NRIs’ names using forged documents.
The Enforcement Directorate searched 13 sites across Delhi-NCR, Bengaluru and Chandigarh on Friday in a money laundering probe into alleged fraudulent housing loans taken in the names of non-resident Indians using forged documents, according to sources cited by Zee Business. The agency’s Delhi Zonal Office-II is carrying out the operation under the Prevention of Money Laundering Act, working alongside police and other security forces, the report said.
The searches were linked to M/s Antriksh Promoters and Developers Pvt Ltd and M/s Sunshine Infrawell Pvt Ltd, sources said. Investigators are looking into alleged financial irregularities, the role of the companies involved and the size of the suspected fraud, while also trying to trace money believed to be connected to the case. During the operation, officials were expected to recover documents, digital records and other evidence that could be used in the wider inquiry.
The case adds to a series of recent Enforcement Directorate actions targeting real estate-linked financial offences. In a separate matter reported by The Tribune, the agency recently searched premises tied to Imperia Wishfield and Imperia Structures in Delhi-NCR in an alleged real estate fraud case, while another Tribune report said the ED carried out searches in Chandigarh, Mohali and Panchkula over an alleged ₹645 crore embezzlement linked to government accounts. Those cases underline the agency’s continuing focus on suspected misuse of funds in property and banking-related investigations.
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