ED conducts raids in UP’s Bulandshahr against ‘land mafia’ in money laundering probe
THE JHARKHAND STORY DESK Lucknow, Jan 9: As part of a money laundering probe against alleged ‘land mafia’ Sudhir Kumar Goyal…
THE JHARKHAND STORY DESK
Lucknow, Jan 9: As part of a money laundering probe against alleged ‘land mafia’ Sudhir Kumar Goyal and related entities, the Enforcement Directorate raided around ten locations in Bulandshahr, Uttar Pradesh, on Tuesday, official sources stated.
The sources stated that about ten locations in Bulandshahr and the surrounding areas are being investigated.
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Deceived investors of over Rs 100 crore
Following the filing of a case by the ED against Goyal and his associates in January of this year, the searches are being conducted in accordance with the criminal sections of the Prevention of Money Laundering Act (PMLA).
Goyal is accused of operating as a “land mafia” and stands charged with deceiving innocent investors, defrauding them of over Rs 100 crore. The allegations involve the sale of plots using fraudulent and concocted documents in unauthorized colonies developed by Goyal and his companies, according to sources.
The ED case originates from 18 FIRs filed by the UP Police against the individuals involved.
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