Chandigarh, May 30 -- The Enforcement Directorate (ED) has arrested Praveen Kansal and Neeraj Kansal, promoters of the Royale Estate Group, in connection with a money laundering investigation tied to alleged financial irregularities in Punjab's real estate sector, officials said on Friday.

The duo was taken into custody in Delhi after coordinated searches carried out earlier this week under the Prevention of Money Laundering Act (PMLA) across multiple locations in Chandigarh, Zirakpur, Mohali and surrounding areas linked to the group and its associated entities.

Raids across tricity

According to officials, ED teams from Chandigarh and Delhi conducted simultaneous searches at five to six premises connected to Chandigarh Royale City Prom...