Lucknow, Oct 9 (PTI) The Enforcement Directorate has attached a house worth more than Rs 54 crore in Delhi’s posh Maharani Bagh area as part of a money-laundering investigation against the Amrapali Group and others related to an alleged fraud with homebuyers, the agency said on Friday.
The case registered under the Prevention of Money Laundering Act (PMLA) stems from 18 FIRs filed by the Uttar Pradesh Police and the Economic Offences Wing (EOW) of Delhi Police on allegations that the Group launched several housing projects in Noida and Greater Noida and collected substantial amounts from the homebuyers with the promise of delivering flats within 36 months, along with assured returns.
The projects, however, remained incomplete, and the homebuyers were neither handed possession nor refunded their money, according to the ED.
An immediate comment from the company on the ED charges could not be obtained.
A forensic audit found that homebuyers’ funds worth more than Rs 5,000 crore were “diverted” by the Amrapali Group to shell and group companies and “siphoned off” by the directors in the guise of professional fees, according to the agency.
A part of these funds was routed directly and through family members of Anil Kumar Sharma, Managing Director of Amrapali Group, to Surbhaee Advertising in the form of loans, and was utilised in relation to the said property located at A-3 (New), Maharani Bagh, in Delhi, the agency said.
The property worth Rs 54.71 crore has been identified as “proceeds of crime” and provisionally attached by the Lucknow zonal office of the ED, it said. PTI NES ARI
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