New Delhi, September 6
The Directorate of Enforcement (ED), Gurugram conducted survey at of M/s Ramprastha Promoters and Developers Pvt. Ltd. and Others at its location in Gurugram.
ED initiated investigation on the basis of multiple FIRs lodged by Haryana Police and EOW, New Delhi against M/s Ramprastha Promoters & Developers Pvt. Ltd. and its directors wherein it was alleged that the accused persons / entities have induced potential homebuyers into
purchasing residential units in their projects located in Gurugram during 2006 to 2016.
The customers were not offered possession even after many years and the same were yet to be
completed. The allegation was of diversion of funds and non completion of projects even after elapse of years of due date of completion of projects, namely Ramprastha’s Rise, City, SKYZ & Others.
During the course of survey action under section 16 of PMLA, 2002, the owners / controllers /
promoters of the Ramprastha Group, namely Balwant Singh, Sandeep Yadav and others did not join the survey proceedings.
The survey action has resulted in inventorising and extracts of various documents / incriminating evidences including digital evidences, books of accounts etc. useful in the ongoing investigation of the offence of money laundering against the accused persons and entities. More than 1000 customers of different projects who have invested more than Rs.500 Crore have been identified who have not been handed over their bookings even having made full / most of the payments more than 04-05 years ago.
