India, May 26 -- The Enforcement Directorate (ED) on Tuesday launched simultaneous raids at multiple locations linked to Royal Builder and Royale Estate Group as part of a sweeping joint operation by its Chandigarh and Delhi teams.

According to agency sources, search operations targeted five to six premises across Chandigarh, Mohali, and adjoining areas. Under heavy security, ED officials focused on retrieving crucial financial records, digital devices, and property transaction ledgers.

The multi-city operation marks a sharp escalation in the central agency's focus on Punjab's real estate sector over alleged financial irregularities, illegal property dealings, and the systematic routing of illicit funds through shell companies under the...