May 22, 2024: The Directorate of Enforcement (ED), Gurugram Zonal Office has provisionally attached properties worth Rs 58.93 crore under the Prevention of Money-Laundering Act (PMLA), 2002 belonging to IREO Group of companies and others.
According to the official press statement, the attached properties include land parcels and bank account. The ED mentioned in the press statement that it initiated investigation on the basis of multiple FIRs registered at various police stations across Gurugram, Panchkula, Ludhiana and Delhi etc. under various sections of Indian Penal Code (IPC), 1860 against real estate company IREO, associated entities, its directors, key managerial persons and others.
The ED investigation revealed that buyers were never delivered flats/ plots/ commercial spaces etc. that they were promised. The total money identified as POC is around Rs 1,780 crore.
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