ED files prosecution complaint agrani Group of companies

New Delhi, September 24

Directorate of Enforcement (ED), Patna has filed Prosecution Complaint (PC) against Agrani Group of companies 

The agency has booked directors namely M/s Agrani Homes Pvt Ltd, M/s Agrani 
Homes Real Marketing Pvt Ltd, M/s Agrani Homes Real Construction Pvt Ltd, M/s Agrani Homes Real Services Pvt Ltd, M/s Agrani Pharmaceuticals Pvt Ltd, M/s Agrani E-Commerce Pvt Ltd,  Alok Kumar Singh (CMD), Rana Ranvir Singh, Vijaya Raj Laxmi, and Alka Singh under the provisions of Prevention of Money 
Laundering Act (PMLA), 2002.
 

ED initiated investigation on the basis of eight FIRs registered by Bihar Police under various 
sections of IPC, 1860 and Negotiable Instruments Act, 1881 against Agrani Group of Companies and their Directors. 
 

ED investigation revealed that Alok Kumar and his associates had taken deposits of Rs. 1.42 crores from various flat buyers on the pretext of providing flats at lucrative rates however, 
subsequently neither the home buyers were given possession of flats nor their investments were 
returned back to them. 

The directors diverted the money collected from the home buyers through web of bank accounts in the name of associated entities and persons. The funds have been diverted for non-real estate activities, acquisition of assets & meeting expenses (personal in nature) and by way of 
huge cash withdrawals. 
 

ED had earlier carried out searches in April in the  
premises linked with the companies and directors in Patna and Delhi. It is pertinent to mention here 
that Real Estate Regularity Authority (RERA), Bihar has put a restraint on transfer of all the movable 
and immovable properties in the name of companies and directors however, during the search operation 133 bank accounts and two luxury vehicles namely Skoda Rapid and Toyota Fortuner linked with the accused companies and persons were freezed/seized by ED.