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Enforcement Directorate Raids DLF Premises in Gurugram in Money Laundering Probe Linked to Supertech

Money LaunderingEnforcement Directorate Raids DLF Premises in Gurugram in Money Laundering Probe Linked to Supertech

The Enforcement Directorate conducted searches at the premises of real estate giant DLF in Gurugram as part of a money laundering probe linked to real estate firm Supertech and its promoters. The action is related to an investigation against Supertech, which had its promoter, Ram Kishor Arora, arrested in June in connection with a money laundering case. The case, under the Prevention of Money Laundering Act, involves allegations of Supertech diverting funds from investors and homebuyers to shell companies. The ED claims that Supertech siphoned off ₹440 crore received from customers, failed to meet project obligations, and launched new projects without completing promised ones.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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