Money Laundering Unmasked: ED's Crackdown on Land Fraud in Punjab

The Enforcement Directorate conducted searches in Punjab and Chandigarh, targeting builders and real estate firms in a money laundering probe. The investigation revolves around alleged land fraud, involving companies like Suntec City project. Nitin Gohal, linked to influential political figures, is accused of facilitating these fraudulent activities.

The Enforcement Directorate (ED) has intensified its money laundering investigation, conducting multiple searches across Punjab and Chandigarh. The operation is focused on unearthing alleged land fraud involving several builders and real estate companies.

More than a dozen locations in Mohali and Chandigarh, connected to the Suntec City project, Ajay Sehgal, ABS Townships, Altus Builders, and Dhir Constructions, were targeted. These searches are being conducted under the Prevention of Money Laundering Act (PMLA).

The investigation also names Nitin Gohal, accused of aiding builders in circumventing Greater Mohali Area Development Authority (GMADA) fees and securing political protection. Gohal is reportedly linked to Rajbir Ghuman, an Officer on Special Duty to the Punjab Chief Minister Bhagwant Mann. The alleged fraud involves the misuse of CLU licences and defrauding the public of crores of rupees.