New Delhi: The Enforcement Directorate (ED) has seized 4 luxury cars, jewellery worth Rs 14.5 lakh, Rs 4.5 lakh cash after conducting searches at multiple locations in Delhi & Gurugram, linked to Congress MLA Dharam Singh over alleged money laundering.
The ED conducted searches at 11 premises of Mahira Infratrech & its group companies, owned & controlled by Congress legislator in Haryana and found incriminating documents of ‘buyers money being siphoned off’ besides seizing assets in crores, the agency said in a statement.
The Promoters/Directors of Mahira Group though were not present during the ED searches. They have also not joined the ongoing investigation of fraudulently diverting investors’ money into their other projects.
The case against them pertains to siphoning off public funds for their illegitimate means. According to the agency, the Mahira collected about Rs. 360 Crore from 1497 home buyers under the affordable housing scheme, on the promise of providing houses at Sector 68, Gurugram. However, it didn’t deliver the houses and missed multiple deadlines following which a case of cheating & forgery was lodged against the company.
The home buyers have been demonstrating against the company for past one year and demanding the delivery of their houses, at the earliest.
The probe agency, in its investigation found that the funds of public were siphoned off by the realty firm and were used in booking fake units. Cash equivalent to the fake purchases was received back from the entities providing fake bills/ invoices by the Directors/Promoters of Mahira Group, which was used for personal gains. The agency also sound family expenditure being mentioned as business expenditure in group entities.
The investigation also found that the directors/ promoters of the Mahira Group siphoned off Rs. 107.5 Crore [fake expenses to the extent of Rs. 57 Crore and loans to group entities to the extent of Rs. 50.50 Crore] from M/s Sai Aaina Farms Pvt. Ltd. [belonging to home buyers of Sector 68 housing project] alone.
