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The Enforcement Directorate (ED) in Lucknow has provisionally attached 75 immovable and two movable properties linked to Rohtas Project Limited and associated entities, valued at INR 158.85 crore with a combined market value exceeding INR 350 crore. The assets, primarily in Lucknow, were registered under promoter Deepak Rastogi, group associates, certain benamidars, and associated firms. Investigations revealed that customer funds from township schemes were diverted to acquire these properties instead of being used for project development or refunds. The ED continues to probe for further asset recovery and legal action.
The Enforcement Directorate's Lucknow Zonal Office recently took action under the Prevention of Money Laundering Act, 2002, by provisionally attaching properties worth INR 158.85 crore in connection with an ongoing money laundering investigation involving Rohtas Project Limited and its group entities. The attached assets include 75 immovable and two movable properties, with a current market value exceeding INR 350 crore. Advertisement
The immovable properties, valued at INR 141.21 crore, are registered under Deepak Rastogi, the promoter of the Rohtas Group; various associate companies of the group; Vardan Township Pvt Ltd; multiple alleged benamidars; and Adhyaye Realty Infrastructure LLP. The two movable properties, valued at INR 17.64 crore, are in the name of Highness Infra Developers Pvt Ltd. All immovable properties are located in Lucknow.
The ED's probe follows multiple complaints regarding township schemes floated by Rohtas Project Limited. Customers were promised possession of flats or plots after 30 months or a refund of 150% of their booking amount. Investigations found that these promises were not fulfilled, and instead, customer funds were allegedly diverted. The promoters reportedly acquired lands in the names of associates and benamidars, transferred some assets to Adhyaye Realty Infrastructure LLP, and mortgaged portions to banks.
This action builds on earlier ED measures in the same case, including previous asset attachments valued at INR 110.05 crore, bringing the total attached assets to around INR 268.9 crore. The ED continues to examine financial transactions and ownership structures to trace further diversion of funds and identify recoverable assets.
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