New Delhi: The Enforcement Directorate (ED) has reportedly arrested a Mohali-based builder late Friday night in connection with an ongoing money laundering investigation linked to alleged irregularities in real estate project approvals.
The arrest came after the ED had summoned a five-member team from the Greater Mohali Area Development Authority (GMADA) along with Ajay Sehgal, an office-bearer of the Indian Cooperative Housing Building Society, the promoter of Suntec City.
Sources said the ED allowed the GMADA officials to leave after questioning them for several hours, but detained the builder during the late-night interrogation.
The ED had earlier conducted raids on May 8 at multiple locations linked to three major builders in Mohali as part of its probe into alleged money laundering and irregular Change of Land Use (CLU) approvals granted to key projects, including Suntec City and Altus Space Builders Pvt Ltd.
The investigation is primarily focused on approvals and licences issued to various real estate projects. Those under the scanner include Ajay Sehgal and Suresh Kumar Bajaj of the Indian Cooperative Housing Building Society (promoter of Suntec City), Altus Space Builders Pvt Ltd, Dhir Construction promoter Gaurav Dhir and alleged middleman Nitin Goyal.
Officials are currently scrutinising documents related to project licences, approvals and regulatory clearances. Several police cases linked to these projects have already been registered in Mohali district.
