The Enforcement Directorate (ED) took action against Savyasachi Infrastructure by attaching three properties valued at Rs 15.40 crore in Farrukh Nagar, Gurugram. The ED’s Gurugram Zonal Office provisionally attached these properties under the Prevention of Money Laundering Act, 2002. This move comes after allegations that Savyasachi Infrastructure deceived home buyers and failed to deliver on promised properties.
The investigation into Savyasachi Infrastructure and others was initiated by the ED based on FIRs filed by the Haryana Police and Delhi Police’s Economic Offences Wing. Savyasachi Infrastructure, led by Director Vijay Rajan, engaged in fraudulent practices related to its ‘Amaya Greens Project’ and other schemes. The company collected funds from investors for plots and shops but did not fulfill its commitments.
Savyasachi Infrastructure began bookings without the necessary licenses or approvals, misleading investors with false promises. The company failed to deliver the properties as pledged and did not provide assured returns to investors. More than 100 plot buyers were reportedly cheated by Savyasachi Infrastructure. The ED revealed that the company’s directors diverted funds to acquire assets in the names of others.
