Directorate for enforcement of law last week confiscated documents and facilities, including the properties of value £217.80 Crore, in operations against the API, for alleged money washing, Hindustan Times reported May 3.
Ed’s Lucknow Zonal Unit, confiscated several documents and equipment during searching for Dilli, Ghaziabad and Lucknow, according to the Act on Money Prettime Prevention (PMLA) 2002, added.
According to the clerk Ed Probe, she showed that Homebuyers’ money was “diverted and abused”.
What entertained ED?
The report stated that among confiscated documents include bank account data of 174 subsidiaries and group companies and financial data and financial funds at the Group Group level.
These include a list of 62 immovable property that is held by the promoter API API-RISTER PRANAV ANSAL, its family and related parties, estimated to be that they are £217.80 crore. This was restored from a mobile device confiscated from the searched assumption, he added.
What is the investigation of the ED ANSAL API?
According to the press note from the Office of May 3, it investigates ED ED for the purpose of alleged extensive fraud, a crime violation of the trust and cheating of the Homebuyers.
It is based on more than 100 companies registered against them in Delhi, Haryana, Pandjab and Uttar Pradesh, indicating a collective amount £135.51 Crore in the Frradulent Sales of Real Estate, the department said. FIRS claims that the API API has sold Homebuyers real estate that has never been completed and allegedly diverted funds.
“Despite several summons, top management did not cooperate with the investigation and did not provide the required financial data,” said ED official.
The search was therefore carried out in five locations, including the Residence of Pranav Ansal, Deepak Movar (Director) and other higher employees; And in the Ansal API offices in Delhi, Ghaziabad and Lucknow, he added.
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