A Special PMLA Court in Delhi has issued notices to TDI Infrastructure Ltd. and its directors, including Ravinder Taneja, Kamal Taneja, and D.N. Taneja, in a case related to cheating and defrauding of homebuyers. The notices were issued based on a Prosecution Complaint filed by the Directorate of Enforcement (ED), Gurugram Zonal Office on April 28.
The ED’s investigation, initiated following FIRs and chargesheets by the Delhi Police, revealed that TDI Infrastructure and its promoters deceived numerous homebuyers by not delivering promised flats and units within the agreed time frame. The company collected Rs 4,619.43 crore as advance booking amounts from 14,105 customers across 26 projects in Sonipat, launching projects between 2005 and 2014.
TDI Infrastructure had launched various commercial and residential projects in Kundali, Sonipat, Haryana, but failed to obtain Occupation Certificates for four projects, with one project, “Park Street,” remaining incomplete. The ED found that instead of using customer funds for project completion, the company’s promoters diverted a significant amount to subsidiaries for land purchases and other purposes, delaying construction and preventing timely possession for customers.
The ED, in a recent statement, disclosed that assets and properties worth Rs 304.06 crore belonging to the accused company and related entities were provisionally attached under the PMLA. Previously, assets valued at Rs 45.49 crore were attached, totaling Rs 349.55 crore as “Proceeds of Crime” identified in the case. These proceeds are subject to confiscation under the PMLA, 2002, as per the Prosecution Complaint filed by the ED.
