Overview
- GMADA, which was summoned to the ED’s Jalandhar office for Monday, sent a gazetted officer who turned over files on Altus approvals and payments.
- ED officials said they confiscated Altus records dating back to the company’s start and gathered details on real-estate projects from 2019 to 2025, with Suntec files to be called separately.
- The document haul follows May 8–9 searches at about a dozen sites tied to Suntec City, Altus, ABS Townships and Dhir Constructions, where nearly ₹1 crore was recovered including ₹21 lakh allegedly thrown from a Kharar high-rise.
- Investigators have widened the inquiry to GMADA’s Eco City-3 and nearby zones, saying some plots shifted from educational to residential use and prices roughly doubled within two months.
- ED teams visited Majri tehsil to collect land record books called jamabandis, mutation entries, sale deeds and registries to trace suspected benami transfers, while the case draws on 2022 and February 2024 FIRs alleging forged consents and misrepresentation that those named dispute.