The Enforcement Directorate (ED) conducted searches at various locations in Haryana, including properties associated with former MLA Mahendra Pratap Singh, in connection with a real estate scam worth Rs 600 crore. During the operation, the ED seized jewelry, cash, and bank balances totaling over Rs 5 crore. The searches targeted the Piyush Group of Companies and its former promoters under the Prevention of Money Laundering Act, 2002.
The ED recovered incriminating evidence such as documents, digital devices, and financial assets during the searches in Faridabad, Palwal, and Bhiwadi. Among those whose premises were searched were the former promoters, current resolution professionals, directors, and Mahendra Pratap Singh, a partner in a commercial project suspected of being funded by diverted homebuyers’ money. The ED’s actions were prompted by multiple FIRs filed by investigative agencies alleging fraud, forgery, and corruption.
Investigations revealed that the Piyush Group collected more than Rs 600 crore from investors between 2010 and 2018, affecting over 2,000 homebuyers. The group, led by Late Anil Goyal and his sons, was involved in real estate projects in Haryana and Rajasthan. Several incomplete projects are now undergoing insolvency proceedings, with forensic audits indicating significant fund misappropriation.
