New Delhi, October 10, 2026 (Yes Punjab News)
The Directorate of Enforcement (ED) has provisionally attached an immovable property valued at ₹54.71 crore in Delhi’s Maharani Bagh area in connection with a money laundering investigation involving the Amrapali Group and others, according to an official statement issued on Saturday.
The ED’s Lucknow Zonal Office attached the property located at A-3 (New), Maharani Bagh, which is registered in the name of Surbhaee Advertising, the statement said.
The investigation was initiated on the basis of 18 FIRs registered by the Uttar Pradesh Police and the Economic Offences Wing (EOW) of Delhi Police against the Amrapali Group of companies and its directors and promoters. The cases invoke provisions of the Indian Penal Code, 1860, relating to criminal breach of trust, cheating, forgery, use of forged documents and criminal conspiracy.
According to the ED, the Amrapali Group launched several housing projects in Noida and Greater Noida, collecting substantial sums from homebuyers with promises of delivering flats within 36 months and providing assured returns.
However, the projects remained incomplete, and buyers allegedly neither received possession of their flats nor obtained refunds. A forensic audit conducted in the matter found that more than ₹5,000 crore collected from homebuyers had allegedly been diverted by the group, the agency said.
The ED’s investigation revealed that funds collected from buyers were allegedly transferred to shell entities and group companies before being siphoned off by directors under the guise of professional fees.
The agency further alleged that a portion of these funds was routed to Surbhaee Advertising, directly and through family members of Amrapali Group managing director Anil Kumar Sharma, in the form of loans. The money was subsequently used in connection with the Maharani Bagh property, according to the statement.
The ED said it had identified the property as proceeds of crime and provisionally attached it as part of the money laundering investigation.
ED attaches ₹34.91 crore assets in Nexa Evergreen case
In a separate case, the ED’s Jaipur Zonal Office on Friday announced the attachment of movable and immovable assets worth ₹34.91 crore belonging to entities and individuals associated with Nexa Evergreen in connection with an alleged investment fraud.
The attached assets include 69 immovable properties valued at approximately ₹29.37 crore. These comprise land parcels and residential plots in Dholera and Dhandhuka in Gujarat’s Ahmedabad district, residential flats in Ahmedabad and Sikar, and a plot in Sikar.
The agency also attached a 45 per cent shareholding in Shining Sand Beach Resort in Calangute, Goa, the statement said.
The investigation into the Nexa Evergreen Group was initiated on the basis of multiple FIRs and chargesheets filed by Rajasthan Police in connection with an alleged large-scale investment fraud.
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