New Delhi: The Enforcement Directorate (ED) is likely to initiate major action in the high-profile money laundering case linked to alleged fraudulent Change of Land Use (CLU) approvals obtained for the Suntech City mega real estate project using fake consent letters of landowners.
According to sources, the ED may soon arrest some senior officials of the Greater Mohali Area Development Authority (GMADA) and the Town and Country Planning Department as part of the ongoing investigation. A top-ranking official is also reportedly under the agency’s scanner.
In a related development, the ED on Friday night arrested Ajay Sehgal, associated with the Indian Cooperative House Building Society.
Ajay Sehgal was earlier associated with the jewellery business before becoming active in the real estate sector. Considered to have strong influence in political and bureaucratic circles, Sehgal has primarily operated in Chandigarh and Mohali, especially in the New Chandigarh region.
He has also been linked to several major real estate ventures, including the residential project “La Canela” and the commercial project “District 7” in New Chandigarh, apart from multiple other developments.
The ED is currently probing alleged irregularities in land approvals, CLU permissions and related financial transactions connected to the Suntech City project and other associated real estate firms.
