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The Enforcement Directorate (ED) has provisionally attached properties valued at around INR 100 crore in connection with its ongoing money laundering investigation into the Amrapali Group, following allegations of fund diversion and financial misconduct related to stalled real estate projects. The attached assets include land and buildings linked to companies associated with the group, bringing the total attached value in the case to over INR 300 crore. The action comes amid multiple FIRs and a Supreme Court directive following complaints from homebuyers about unfulfilled project commitments. The ED's investigation under the Prevention of Money Laundering Act (PMLA) continues as authorities track the flow of funds and alleged irregular transactions.
The Enforcement Directorate has provisionally attached immovable properties worth approximately INR 100 crore belonging to entities linked with the Amrapali Group as part of its ongoing money laundering investigation. The latest attachment forms part of a broader probe into alleged diversion of funds collected from homebuyers toward other purposes through questionable transactions and shell companies. Advertisement
The attached properties include land and built-up assets associated with firms tied to the group's promoters. This development increases the cumulative value of attached assets in the Amrapali case to more than INR 300 crore, reflecting continued efforts by the federal probe agency to trace proceeds of crime and disrupt alleged misuse of homebuyer funds.
The ED's action follows multiple FIRs filed by police authorities in Gautam Buddh Nagar and Delhi's Economic Offences Wing, as well as a Supreme Court order stemming from complaints by aggrieved homebuyers over the group's failure to deliver promised residential units. Investigators allege that significant sums were raised from buyers for project development but were instead diverted, and that the original proceeds are no longer traceable, prompting asset attachments based on equivalent value under the Prevention of Money Laundering Act.
Earlier phases of the investigation saw the arrest of key executives and directors associated with the group, including finance officers and auditors, as part of efforts to establish the flow and utilisation of diverted funds. Prosecution complaints have been filed against numerous individuals and entities in the case.
The ED's probe remains active, with authorities continuing to analyse financial records, transactional trails and property ownership structures to strengthen the money laundering case. The attachments signal regulatory resolve to address large-scale allegations of financial impropriety in the real estate sector and protect the interests of affected homebuyers.
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