Advertisement
The Gulf conflict has disrupted global supply chains, pushed...
REITs have changed the way commercial real estate is owned a...
What does it take to preserve a real estate legacy while bui...
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
The Enforcement Directorate (ED) has submitted a status report in a sealed cover before the Rouse Avenue court in New Delhi as it continues investigating the role of real estate company DLF in the Shikohpur land deal. The agency has sought additional time to complete the investigation and has supplied documents to the accused, while seeking three weeks to provide a list of unrelied documents. The court also received a translation certificate for a Gujarati-language land deed. The matter has been listed for September 23, with the court directing the ED to address an unanswered query in its next report.
The Enforcement Directorate (ED) has filed a status report in a sealed cover before the Rouse Avenue court in New Delhi on its ongoing investigation into DLF’s role in the Shikohpur land deal, seeking additional time to complete the probe. The development came during a hearing on August 21, when the agency informed the court that further investigation was still being conducted into the real estate company’s role in the transaction. The court has listed the matter for September 23.
The investigation relates to a land transaction in Shikohpur, now part of Sector 83 in Gurugram, involving a 3.53-acre parcel. The land was initially acquired by Skylight Hospitality from Onkareshwar Properties for INR 7.5 crore and was subsequently sold to DLF for INR 58 crore. The ED’s investigation is examining the transaction and the role of DLF as part of the wider money laundering case.
During the latest hearing, the ED said it had provided documents to the accused persons. The agency also sought three weeks to furnish a list of documents on which it does not intend to rely, citing the fact that the investigation remains in progress. The status report itself was submitted to the court in a sealed cover.
The agency also submitted a translation certificate relating to a land deed written in Gujarati. The court had previously noted that the translated version of the sale deed had not been supplied along with the prosecution complaint. The ED had indicated that the translated document would be filed during the subsequent proceedings, and the latest hearing saw the agency submit the relevant translation certificate.
The court, however, expressed dissatisfaction with the latest status report over a specific query that remained unanswered. According to the court, a question concerning an argument advanced by Robert Vadra’s counsel on April 15 had not been addressed categorically in the report. The court directed the ED to provide an explanation in its next status report and ordered that the report be forwarded by the concerned Deputy Director of the agency.
The ED had indicated in an earlier status report filed in July that its investigation into DLF’s role was continuing. The agency’s continuing examination of the company forms part of the broader proceedings arising from the Shikohpur land transaction and the prosecution complaint filed under the Prevention of Money Laundering Act.
The court had earlier taken cognisance of the ED’s prosecution complaint against Robert Vadra and other accused persons and issued summonses in the case. Vadra was granted bail on May 16 and appeared before the court through video conferencing during the latest hearing.
The investigation remains ongoing, and the latest court proceedings do not represent a final determination of DLF’s role in the transaction. The ED has been given further time to complete its examination and provide the additional information sought by the court. The next hearing is scheduled for September 23.
Advertisement
Facebook
Whatsapp
