New Delhi, September 23
Directorate of Enforcement (ED) has conducted search operations at 18 locations in Delhi, Noida, Meerut, Chandigarh, and Goa under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in connection with the fraud committed by M/s Hacienda Projects Private Limited against homebuyers of ‘Lotus 300’ Projects to the tune of Rs. 426 crores.
The searches were carried out at office and residential premises of the company, Promoters/Directors of companies and related entities namely HPPL, M/S Cloud 9 Projects Pvt. Ltd., Surpreet Singh Suri, Vidur Bhardwaj, Nirmal Singh, Aditya Gupta, Ashish Gupta, Mohinder Singh Retd IAS (then CEO of Noida Authority) and others, who all have been found involved in offence of money laundering
ED initiated investigation on the basis of directions of the High Court of Judicature of Allahabad in WP No. 41110 of 2019 and on the basis of multiple FIRs registered by EOW, New Delhi against M/s Hacienda Projects Pvt Ltd, its Director/ officials and others for diversion/ siphoning off the hard-earned monies of the investors/ home buyers and ultimately not providing them the promised Flats.
During the course of search operations, total cash and jewellery worth Rs 42.56 crore in the form of unexplained cash of Rs. 85 lakh, gold and diamond jewellery worth Rs. 29.35 crore one Solitaire Diamond worth Rs 5.26 Crore, diamond jewellery worth Rs 7.1 crore, and a large number of property documents worth crore of rupees have been recovered and seized, officials said.
In addition to the above, various incriminating documents/evidence (physical/digital) containing details related to siphoning of the investors’ money and money laundering were also recovered and seized from the office and residential premises, officials further added.
