New Delhi, Sept. 24 -- New Delhi,
The Enforcement Directorate on Thursday searched and surveyed 26 premises across Delhi, Mohali, Chandigarh, Panchkula and Ludhiana in a money laundering probe linked to Tirupati Infra Projects Pvt Ltd and associated entities.
The action followed a CBI FIR alleging a Rs 238-crore bank fraud involving Tirupati Infra Projects. The ED said its preliminary probe also found alleged cash dealings, bogus share premiums and other financial irregularities.
The agency said its investigation indicated wider irregularities in the Greater Mohali Area Development Authority, including waiver of statutory dues, re-allotment of cancelled plots, land acquisition and auctions. It alleged benefits of around Rs 57 crore were extended through waiver of statutory dues.
Searches also covered serving and former GMADA officials and private individuals. The ED said electronic devices and other material were seized and were being examined.
Published by HT Digital Content Services with permission from Millennium Post.