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

The 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 sources said Saturday.

As reported by sources, the central agency has recovered some documents during the action that was carried out over the past few days.

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.

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.

It claimed that Supertech Group “siphoned off ₹440 crore received from customers and homebuyers for purchasing land in Gurugram in 2013-14 at highly inflated prices while their already promised projects in Noida were not completed".