Enforcement Directorate raids 26 locations in Tirupati Infra Projects fraud case

The Enforcement Directorate (ED) conducted search and survey operations at 26 locations across Delhi, Mohali, Chandigarh, Panchkula, and Ludhiana in connection with a money laundering case. The investigation stems from a CBI FIR regarding a Rs 238 crore bank fraud involving Tirupati Infra Projects Pvt Ltd, where funds were allegedly siphoned for personal use.

The probe involves several entities, including Remigate Buildestates (India) Pvt Ltd, MB Infrabuild Pvt Ltd, Mera Baba Reality Associates Pvt Ltd, and Mera Baba Infrastructure Pvt Ltd. Pre-search scrutiny indicated financial irregularities such as bogus share premium transactions and extensive cash dealings.

As part of the operation, the ED conducted a 36-hour search at the Greater Mohali Area Development Authority (GMADA) and the Punjab Department of Housing and Urban Development. The agency is investigating potential collusion with GMADA officials. The searches prompted protests from Aam Aadmi Party (AAP) workers at the GMADA offices.