Thursday | Jun 05 2025 | 02:36:14 PM
New Delhi, May 24
A team of the Enforcement Directorate (ED) conducted search operations at various locations in Mohali, Punjab, against Bajwa Developers Ltd. and its associates under the provisions of PMLA, 2002 in Mohali.
During the search operations, various incriminating documents, cash amounting to Rs. 42 lakh, and four luxury vehicles were recovered and seized. Various personal bank accounts of directors and family members, as well as various bank accounts of the companies, have been frozen, ED informed media.
The ED team raided the home of Jarnail Singh Bajwa, owner of Bajwa Developers. Bajwa is currently lodged in Ropar jail. In April, the ED team obtained permission from the Mohali district court to interrogate Jarnail Singh Bajwaand hi s subsequent questioning, a raid was conducted at his residence in Mohali.
The ED initiated an investigation against Jarnail Singh Bajwa based on various FIRs filed by Punjab Police under the IPC Act of 1860. The investigation revealed that Bajwa committed fraud amounting to Rs. 3.17 crore. Cases emerged involving taking money from unsuspecting individuals without providing plots and registering plots allotted to others.
In 2023, the ED began a money laundering investigation against Bajwa, during which they attached his property worth Rs. 54.16 lakh. This property was seized by the ED. There are 50 FIRs registered against Bajwa for fraud with gullible investors and those aspiring to own a house.
