ED Raids Ramprastha Group in Money Laundering Probe

The Enforcement Directorate (ED) searched multiple locations of Ramprastha Group in Gurugram, investigating alleged cheating linked to homebuyers. The case is based on complaints for non-fulfilment of housing project promises. Several group promoters have been called for questioning. The raids precede Haryana's upcoming assembly polls.

On Wednesday, the Enforcement Directorate (ED) conducted searches at various locations of the real estate company Ramprastha Group in Gurugram. The raids are part of a money laundering investigation linked to alleged cheating of home buyers, according to official sources.

The ED's investigation originates from multiple FIRs filed by local police against the Ramprastha Group. These complaints were made by disgruntled homebuyers who accuse the company of failing to deliver the promised housing projects, specifically Ramprastha Rise, Ramprastha City, and Ramprastha SKYZ in Gurugram, Haryana.

Several promoters of the group, including Balwant Chaudhary, Arvind Walia, and Sandeep Yadav, have been summoned for questioning but have not yet complied. The company's website claims a significant land bank in Gurugram with potential for extensive development. The ED raids come just before Haryana's assembly elections on October 5.

(With inputs from agencies.)