The Enforcement Directorate (ED) has launched a major crackdown on the Ramprastha Group in Gurugram, conducting extensive searches at multiple premises linked to the real estate conglomerate. The investigation is centered on allegations of money laundering, with the ED suspecting the group of illegally diverting funds and evading taxes.
The ED’s action follows a series of complaints and allegations against the Ramprastha Group, which has been under scrutiny for its financial dealings for some time. The agency has been meticulously examining the group’s financial transactions, property dealings, and land acquisitions in order to gather evidence to substantiate the money laundering claims and trace the flow of funds.
The ED’s search operations have covered a wide range of locations associated with the Ramprastha Group, including residential properties, offices, and construction sites. The agency has seized documents, electronic devices, and financial records that are believed to be relevant to the investigation.
The Ramprastha Group has not yet issued a public statement in response to the ED’s action. The investigation is ongoing, and further details are expected to emerge as the probe progresses. The ED’s crackdown on the Ramprastha Group sends a strong message to other real estate players in the region, emphasizing the importance of adhering to financial regulations and avoiding illicit activities.
