Overview
- The Enforcement Directorate executed coordinated searches at multiple residential and office premises linked to Chandigarh Royale City Promoters and Royale Estate Group on May 26, seizing documents, digital devices and financial records.
- ED teams targeted properties connected to named promoters including Praveen (Parveen) Kansal, Neeraj Kansal, Daljit Singh and others and recovered transaction ledgers and electronic evidence for forensic analysis.
- The action builds on a July 19, 2025 Punjab Police FIR that accused CRCPL directors of fraud, criminal conspiracy and defaulting on statutory liabilities to the Greater Mohali Area Development Authority and alleged dishonoured cheques of about Rs 32.67 crore.
- The agency’s preliminary findings say CRCPL had substantial outstanding liabilities to GMADA and that project funds may have been routed and layered through related entities via suspicious inter‑company transactions.
- Officials say the probe is ongoing under the Prevention of Money Laundering Act and the seized material will be analysed to trace funds and determine further enforcement steps as part of a wider central scrutiny of the tricity real‑estate sector.