ED searches premises of realty major DLF in Gurugram in money laundering probe

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Enforcement Directorate has searched the premises of realty major DLF in Gurugram as part of a money laundering investigation against real estate firm Supertech and its promoters, official sources told PTI said Saturday. As reported by PTI citing sources, the central agency has recovered some documents during the action that was carried out over the past few days.

“The action is linked to the ED investigation against Supertech", the sources said. Earlier in June, the Enforcement Directorate (ED) had arrested a Supertech promoter also known as Ram Kishor Arora, in connection with a money laundering case.

Also Read: Supertech promoter Ram Kishor Arora main person behind diversion of homebuyers money to shell companies: ED It was alleged that Arora served as the primary controlling figure within the group, making decisions to divert substantial funds from investors and homebuyers toward various shell companies. The case, filed under the criminal provisions of the Prevention of Money Laundering Act (PMLA), originates from 26 FIRs registered by the police departments of Delhi, Haryana, and Uttar Pradesh.

These FIRs accuse Supertech Limited and its affiliated companies of defrauding 670 homebuyers, involving an amount totalling ₹164 crore. The ED had said “huge amounts of money running into hundreds of crores were siphoned off through Supertech Group and they failed to adhere to their agreed obligations to provide the possession of flats to customers on time".