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The Enforcement Directorate (ED) has reportedly expanded the scope of an investigation into a complaint of alleged fraud involving prominent real estate major Godrej Properties, according to a Local18 report quoting sources.
The report has not been independently verified by CNBC-TV18. CNBC-TV18 has reached out to Godrej Properties for a comment, and this story will be updated as soon as a response comes in.
The Local18 report says that the investigation stems from allegations of money laundering and fraud in one of the company's housing projects.
Sources have told Local18 that the ED team has sent notices summoning various company officials for questioning in relation to this probe. They add that ED has also recently interrogated Tarun Chadha, who it identifies as a Project Director at Godrej Properties.
In the same case, another company official by the name of Gaurav Pandey was also summoned for questioning twice but failed to appear. The report says he will be sent another summons soon.
The Economic Offences Wing of the Delhi Police reportedly first registered the case on May 29, 2024, following instructions from Dwarka Court in Delhi (VERSUS State, GNCT of Delhi), the Local18 report says.
The original complaint was reportedly filed by M/s ORRIS Infrastructure Private Limited Company, following which the Dwarka Court handed the investigation over to the Economic Offenses Wing. It involves allegations of fraud committed between January 1, 2016, and May 29, 2024.
Sources have told Local18 that this case was later taken over by the ED, and the scope expanded to look into the possibility of money laundering.
Also Read : HSBC India CEO believes this is the key to the country's economic growth
The report has not been independently verified by CNBC-TV18. CNBC-TV18 has reached out to Godrej Properties for a comment, and this story will be updated as soon as a response comes in.
The Local18 report says that the investigation stems from allegations of money laundering and fraud in one of the company's housing projects.
Sources have told Local18 that the ED team has sent notices summoning various company officials for questioning in relation to this probe. They add that ED has also recently interrogated Tarun Chadha, who it identifies as a Project Director at Godrej Properties.
In the same case, another company official by the name of Gaurav Pandey was also summoned for questioning twice but failed to appear. The report says he will be sent another summons soon.
The Economic Offences Wing of the Delhi Police reportedly first registered the case on May 29, 2024, following instructions from Dwarka Court in Delhi (VERSUS State, GNCT of Delhi), the Local18 report says.
The original complaint was reportedly filed by M/s ORRIS Infrastructure Private Limited Company, following which the Dwarka Court handed the investigation over to the Economic Offenses Wing. It involves allegations of fraud committed between January 1, 2016, and May 29, 2024.
Sources have told Local18 that this case was later taken over by the ED, and the scope expanded to look into the possibility of money laundering.
Also Read : HSBC India CEO believes this is the key to the country's economic growth
(Edited by : Poonam Behura)
First Published: Nov 15, 2024 3:42 PM IST
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