Overview
- The Enforcement Directorate has arrested real‑estate promoter Ajay Sehgal in a money‑laundering case that grew out of Punjab Police FIRs alleging forged consent letters used to secure Change of Land Use approvals.
- ED searches carried out in early May targeted offices linked to Suntec City, Altus Space, ABS Townships and Dhir Constructions and recovered nearly ₹1 crore in cash including about ₹21 lakh reportedly thrown from a ninth‑floor balcony.
- The agency says the alleged scheme involved fake consent letters for roughly 30.5 acres and that developers sold project units before registration with the Real Estate Regulatory Authority, producing more than Rs 200 crore in transactions.
- ED has summoned Greater Mohali Area Development Authority officials and asked for transaction records and a list of officials involved in approvals as investigators probe possible official complicity and middlemen roles.
- The probe remains active with the agency expanding inquiries into linked developers, town‑planning departments and alleged intermediaries and has indicated further detentions and institutional scrutiny are possible.