The Enforcement Directorate has launched a massive legal strike against a sprawling real estate scam, indicting forty-one entities in a staggering one thousand crore rupee housing fraud.
Federal investigators filed the comprehensive chargesheet before the Gurugram special court, targeting ADEL Landmarks alongside key promoters Hem Singh Bharana and Sumit Bharana under strict anti-money laundering laws.
Thousands of desperate families watched their dream homes vanish over two decades as the accused developers systematically collected over one thousand seventy crore rupees from unsuspecting buyers.
Promoters launched multiple residential projects across Gurugram, Faridabad, and Palwal between two thousand six and twelve, yet left forty seven hundred customers empty-handed after inexcusable delays.
Investigators uncovered a ruthless financial scheme where developers brazenly diverted hard-earned buyer deposits into land acquisitions for associate companies instead of finishing construction.
Authorities previously seized vast land parcels spanning three hundred forty acres across Haryana and Uttar Pradesh, valuing nearly five hundred eighty five crore rupees as direct crime proceeds.
The special court has officially issued notices to all forty-one accused parties, setting the stage for aggressive prosecution and eventual confiscation of all attached illicit properties.
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