The ED additionally alleged that Chhoker, his sons and different key workers remained “absent” through the searches and have “not joined the investigation till date”.
Four luxury vehicles, jewellery worth Rs 14.5 lakh and Rs 4.5 lakh in money have been seized following raids towards Haryana Congress MLA Dharam Singh Chhoker and firms “owned and controlled” by him in a cash laundering case linked to alleged dishonest of homebuyers, the Enforcement Directorate mentioned on Monday.
The 59-year-old legislator from the Samalkha in Panipat district is acknowledged to be the “owner and promoter” of the Mahira actual property group alongside together with his sons Sikander Singh and Vikas Chhoker.
The motion below legal sections of the Prevention of Money Laundering Act got here after the ED launched searches towards the legislator, Sai Aaina Farms Pvt Ltd (now Mahira Infratech Pvt Ltd), different firms of the Mahira Group and a few others on July 25, it mentioned in a press release.
Eleven areas in Samalkha, Gurugram and Delhi have been raided by the federal probe company.
The cash laundering case stems from an FIR filed by the Gurugram Police towards Sai Aaina Farms Pvt. Ltd. For “cheating and forgery” as it’s alleged to have collected about Rs 360 crore from 1,497 homebuyers below the reasonably priced housing scheme on the promise of offering dwelling items in Sector 68 of Gurugram close to Delhi, the ED mentioned.
However, it didn’t ship the homes and missed a number of deadlines, the probe company mentioned.
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“The home buyers have been holding protests/dharnas since one year against the Mahira Group seeking delivery of the promised houses at the earliest,” it mentioned.
The ED additionally alleged that Chhoker, his sons and different key workers remained “absent” through the searches and have “not joined the investigation till date”.
Probe discovered that the entity (Sai Aaina Farms Pvt. Ltd.) siphoned off house patrons’ cash by reserving pretend building expenditures in group entities. Cash equal to the pretend purchases have been acquired again from the entities offering pretend payments/invoices by the administrators and promoters of Mahira Group, which was used for private positive factors, the company alleged.
It mentioned a number of private and family-linked expenditure was booked as building and enterprise expenditure in group entities.
The administrators/promoters additionally diverted homebuyers’ cash to different group entities as loans (which is excellent for years) for private positive factors and preliminary investigations present that they “siphoned off” about Rs 107.5 crore (pretend bills to the extent of Rs 57 crore and loans to group entities to the extent of Rs 50.50 crore) from Sai Aaina Farms Pvt. Ltd. These funds belonged to the house patrons of Sector 68 housing venture, the probe company mentioned.
The ED mentioned its investigation into monetary transactions of 4 different reasonably priced housing initiatives being undertaken by the Chhoker-promoted group is in progress and freezing orders in respect of places of work and financial institution accounts of the Mahira Group have been issued through the searches.
Four luxury vehicles (having acquisition worth of about Rs 4 crore), jewellery worth Rs 14.5 lakh, Rs 4.5 lakh money and “evidence related to siphoning of home buyer funds” have been seized, the federal probe company mentioned.
