ED Uncovers Incriminating Evidence in Ramprastha Group Money Laundering Probe

The Enforcement Directorate (ED) conducted a survey operation against Gurugram-based Ramprastha Group, recovering significant evidence amid a money-laundering investigation. The probe stems from complaints alleging that the real estate company failed to deliver possession to over 1,000 homebuyers, despite substantial investments. The investigation also uncovered claims of fund diversion and project non-completion.

The Enforcement Directorate (ED) has unearthed incriminating evidence following a survey operation targeting the Gurugram-based real estate company, Ramprastha Group, amid a money-laundering investigation.

Officials allege that more than 1,000 customers who invested over Rs 500 crore received neither possession nor completed projects, despite making full or significant payments years ago.

The ED's probe, stemming from FIRs by the economic offences wings of Haryana and Delhi Police, accuses Ramprastha Group of fund diversion and project non-completion, with key personnel failing to cooperate with the operation.

(With inputs from agencies.)