Jalandhar, July 23 -- The enforcement directorate (ED) has filed a 3,500-page chargesheet against Mohali based real estate builder in a multi-crore money laundering probe into the alleged change of land use (CLU) fraud involving major real estate projects in Punjab.

In a chargesheet submitted at special court (PMLA), Mohali on July 20, the federal agency has accused realtor Ajay Sehgal for his involvement in laundering proceeds of crime (PoC) generated worth Rs.348 crore by obtaining CLUs on the basis of fake consent letters. The next hearing in the case is scheduled for August 4.

Sehgal, key promoter of Suntech City project, developed by the Indian Cooperative Housing Building Society (ICHBS) limited, was arrested on May 22.

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