The Enforcement Directorate (ED) conducted raids in Odisha, Andhra Pradesh, and Karnataka related to the Sahara Prime City land case. Digital evidence like WhatsApp communications and financial records were seized during the operations. The searches were linked to the fraudulent sale of land in Odisha by Sahara Prime City Limited.
Statements were recorded under the Prevention of Money Laundering Act during the searches. The investigation revealed discrepancies in the sale of land in Berhampur, Odisha, and the operation of a Ponzi scheme by Sahara Group. The ED also issued provisional attachment orders and made arrests in connection with the case.
The ED found that Sahara Group had shifted liabilities between entities without commercial rationale. The investigation uncovered mismanagement of funds, non-repayment of depositors, and diversion of deposits for personal use. The agency highlighted the creation of benami assets and the deprivation of depositors’ legitimate dues.
