New Delhi, May 9 -- A Special PMLA Court (Patiala House District Court) has issued notices to all the accused in a money laundering case involving TDI Infrastructure Ltd., its directors - Ravinder Taneja, Kamal Taneja and D.N. Taneja - along with related entities.
The Enforcement Directorate (ED) initiated the PMLA investigation on the basis of multiple FIRs registered and chargesheets filed by Delhi Police. According to the FIRs and chargesheets, TDI Infrastructure Ltd., its promoters, and key managerial personnel (KMPs) allegedly cheated and defrauded numerous homebuyers by failing to deliver the promised flats and units within the stipulated time. In some cases, delays extended up to 16-18 years in one of its projects.
The ED investiga...