ED Arrests Grand Venice Mall Owner Satinder Bhasin

The move places Bhasin in ED custody as investigators probe alleged money laundering tied to long‑running complaints that investor funds were diverted.

Overview

A Special PMLA Court in Ghaziabad remanded Satinder Singh Bhasin to Enforcement Directorate custody until June 6 after the agency arrested him following instructions from the Supreme Court.
The Supreme Court had earlier cancelled Bhasin’s bail, ordered him to surrender, and directed police to issue airport lookout notices amid allegations he was evading summons and court orders.
The ED says its money‑laundering probe traces funds from multiple 2015 FIRs that allege Bhasin’s companies collected crores from buyers but did not deliver promised commercial units.
As part of the probe the ED has provisionally attached Bhasin’s Rajouri Garden home, which it values at Rs 44.06 crore, and is tracing money flows through group companies and associates.
Buyers who filed petitions told the courts they feared flight and non‑cooperation, and the arrest could speed asset tracing and possible recovery for investors while legal proceedings continue.