Chandigarh/Gurugram | The Enforcement Directorate (ED), Gurugram Zonal Office, on Thursday carried out extensive search operations under the Prevention of Money Laundering Act (PMLA), 2002 at multiple locations linked to the Piyush Group of Companies and its associates.
The searches were conducted at premises in Faridabad, Palwal and Bhiwadi, targeting the erstwhile promoters, present resolution professionals, directors and former Haryana MLA Mahendra Pratap Singh in connection with an alleged homebuyers’ fraud case.
During the raids, ED officials recovered and seized several incriminating documents and digital devices. The agency also attached cash, jewellery and bank balances collectively valued at more than ₹5 crore.
According to officials, the action is part of an ongoing investigation into allegations that the group cheated homebuyers by diverting funds and misusing investments meant for housing projects. Further investigation is underway to trace the money trail and identify other beneficiaries involved in the case.
