Officials of the Directorate for enforcement on Monday arrested the director of the RamPrastha – Sandeep Yadav and Arvalia – in £1 100 crore money washing, reported PTI.
The message added that ED also attached the immovable property of RS. 681.54 Crores belonging to promoters and developers RamPrastha pvt. LTD and its group companies.
The attached properties include rendered colonies of RamPrastha, which measure 226 hectares in sectors 37D, sector 92 and 95 in the gurrogram and land of land measuring 1700 acres in Basia, Gadoli Kalan, Hayatpur and Wazipur in the Grrabogram.
At the beginning of the day, ED searched the residential and business spaces of Sandeep Yadav and ArvinD Walia – the director and promoter of the RamPrastha group – in three places in Delhi and the Grrabram according to the 2002 money prevention Act.
The ED survey revealed that promoters and developers RamPrastha pvt. LTD gathered approximately £1100 Crores of more than 2000 Homebuyers for various projects, including the Edge project, Project Skyz, Project Rise and RamPrastha City. However, the report was added by their promoters and directors “funds for their companies as progress for the purchase of land lands, etc.
Although after 15-20 years the possession of apartments/ land is still given.
Based on complaints of numerous Homebuyers against RPDPL and its promoters, the case of money laundering stems from several companies submitted by the wing of economic crimes (EOW) Delhi and Haryan. Homebuyers claimed that RPDPL and its promoters – like Arvind Walia, Balwant Chaudhary and Sandeep Yadav – could not deliver promised apartments and land within the promised time frames, Ed said.
Further investigation in progress.
ED summoning Google, Meta:
At the beginning of July 19, ED issued an announcement of Tech Giants Meta and Google in connection with the ongoing investigation of alleged money laundering associated with betting applications, the press agency announced or.
Were allegedly convened to appear before the headquarters of the Delhi agency 21 July.
“Google and Meta platforms promote betting applications via advertising and facilitate their reach to users,” the unnamed official source quoted.
Ed examines the role of these digital platforms in allowing you to promote illegal applications that are investigated for a possible violation of the Money Winding Act (PMLA).
(Tagstotranslate) ed
