Overview
- Chandigarh Police detained the hotelier and real-estate developer from a Kharar hideout and a magistrate ordered five days of police custody.
- The Enforcement Directorate froze more than 90 bank accounts after searches at 19 locations in the Chandigarh tricity, Gurugram and Bengaluru under its money-laundering probe.
- Haryana vigilance officials say about ₹590 crore was siphoned from at least eight state departments using forged debit memos and falsified statements through 12 compromised accounts.
- Authorities allege the funds were layered through shell firms and jewellers via bogus gold billing before being routed to real-estate entities including Prisma Residency LLP, Kinspire Realty LLP and Martell Buildwell LLP.
- Linked Chandigarh cases cite fake FDRs of about ₹116.84 crore at the municipal corporation and irregularities of roughly ₹75.16 crore at CREST, with 11 arrests so far and seizures of devices, luxury vehicles and suspected properties.