A Special Court in Gurugram has declared Jitender Kumar Garg and Sunil Jindal, promoters and directors in various companies of SRS Group, as fugitive economic offenders in a more than Rs 2,200 crore investment fraud case. The declaration was made under the Fugitive Economic Offenders Act, 2018.
According to officials, Sunil Jindal is based in Dubai while Jitender Kumar Garg is in Georgia. The declaration was based on an application filed by the ED’s Gurugram Zonal Office for the declaration of Garg, Jindal, and Praveen Kumar Kapoor as fugitive economic offenders.
The ED has initiated the process of confiscating the properties of Garg and Jindal as per the provisions of the Fugitive Economic Offenders Act. Praveen Kumar Kapoor was deported to India on November 1, 2025, based on a red corner notice issued by Interpol.
The ED’s investigation, based on FIRs registered by various authorities, revealed that the SRS Group collected Rs 2,200 crore from the public and banks under the guise of investments, promising high returns. The investigation found Garg, Jindal, and Kapoor to be involved in money laundering, leading to the filing of a charge sheet in 2022.
