The Enforcement Directorate (ED) conducted searches in Delhi and Ghaziabad today in connection with a land fraud and money laundering case. Officials confirmed that the raids targeted multiple premises linked to individuals and entities suspected of laundering proceeds of crime through fraudulent land deals.
According to sources, the searches focused on properties and offices allegedly used to route illicit funds. Investigators seized documents, digital records, and evidence of layering transactions designed to disguise the origin of the money. The ED stated that the operation is part of its wider probe into financial irregularities under the Prevention of Money Laundering Act (PMLA).
The case involves allegations of large-scale land fraud, where plots were sold or transferred using forged documents and manipulated valuations. The proceeds were then allegedly funneled through shell companies and layered across accounts to evade detection. Authorities emphasized that the crackdown aims to dismantle the financial network behind the fraud and trace beneficiaries.
Officials noted that further action, including summons and arrests, may follow as the investigation progresses. The searches underscore the agency’s focus on tackling real estate-linked money laundering, which has emerged as a major concern in urban centers like Delhi and Ghaziabad.
