New Delhi: The Enforcement Directorate (ED) on Monday stated it raided the premises of Haryana Congress MLA Dharam Singh Chhoker and corporations ‘owned and managed’ by him in a cash laundering case linked to alleged dishonest of homebuyers. Throughout the search operations at 11 places unfold over Samalkha, Gurugram, and Delhi on July 25, the ED seized 4 luxurious automobiles, jewelry price Rs 14.5 lakh, and Rs 4.5 lakh in money.
Dharam Singh Chhoker, who’s an MLA from Samalkha within the Panipat district, is claimed to be the ‘proprietor and promoter’ of the Mahira actual property group alongside along with his sons Sikander Singh and Vikas Chhoker.
“ED initiated investigations based mostly on FIRs registered by Gurugram Police towards M/s Sai Aaina Farms Pvt. Ltd. for dishonest and forgery. M/s Sai Aaina Farms Pvt. Ltd. had collected about Rs 360 Crore from 1497 residence consumers beneath the inexpensive housing scheme, on the promise of offering homes at Sector 68, Gurugram. Nevertheless, the stated entity didn’t ship the homes and missed a number of deadlines,” the regulation enforcement company stated in an official assertion.
It added that the house consumers have been holding protests for one yr towards the Mahira Group looking for supply of the promised homes on the earliest.
ED investigations revealed that stated entity siphoned off residence consumers’ cash by reserving pretend development expenditures in group entities. Money equal to the pretend purchases had been acquired again from the entities offering pretend payments and invoices by the Administrators and Promoters of Mahira Group, which was used for ‘private features’, the assertion learn.
A number of private household expenditures had been additionally booked as development and enterprise expenditure in group entities.
“The Administrators and Promoters additionally diverted residence consumers’ cash to different group entities as loans — which is excellent for years — for private features. Preliminary investigations present that the Administrators/ Promoters of Mahira Group siphoned off about Rs 107.5 Crore [fake expenses to the extent of Rs 57 Crore and loans to group entities to the extent of Rs. 50.50 Crore] from M/s Sai Aaina Farms Pvt. Ltd. [belonging to home buyers of Sector 68 housing project] alone,” the ED stated.
Investigations with respect to the monetary transactions of different 4 inexpensive housing tasks are in progress.
Throughout the raids, 4 luxurious automobiles having acquisition worth of round Rs Four Crore, jewelry price Rs 14.5 lakh, and money of Rs. 4.5 lakh and proof associated to siphoning of residence purchaser funds had been seized.
Additional investigation is beneath progress.
