ED raids premises of Orris Infrastructure, assets worth over Rs. 33 cr seized
The officials said that FDs and BGs, amounting to ₹31.22 crore, were in the name of the Orris group of companies, which were frozen
New Delhi, December 5
The Enforcement Directorate (ED) raided office premises of Orris Infrastructure Pvt Ltd in Delhi-NCR ad seized assets worth over Rs. 31 crores connection with an alleged real state fraud of over ₹500 crores.
The federal probe agency seized luxury cars, various Fixed Deposits (FDs) and Bank Guarantees (BGs) worth Rs 31.22 crores.
The officials said that FDs and BGs, amounting to ₹31.22 crore, were in the name of the Orris group of companies, which were frozen.
Bank accounts and lockers of the company's promoters have also been frozen and four luxury cars -- Mercedes, Porsche, and BMW models -- were seized from the residence of one of the Orris group's directors and promoters, officials further added.
ED had been proving the case against Orris Infrastructure Private Limited, its directors and promoters Vijay Gupta and Amit Gupta, as well as Three C Shelters Private Limited, and its promoters and directors Nirmal Singh Uppal and Vidhur Bhardwaj tat was frst registered by Delhi EOW.
The officials added that allegations were made against the group including those of cheating, criminal breach of trust, and fraud involving hundreds of homebuyers, have been levelled against the accused companies and individuals.
The cases claimed that Orris Infrastructure Private Limited and Three C Shelters Private Limited collaborated to develop a residential group housing project named Greenpolis in Gurugram's Sector 89, Haryana.
Greenpolis is based on a 47-acre land parcel owned by the Orris Group. Subsequently, the development rights for the project were granted to Three C Shelters Private Limited.
