Chandigarh, October 2, 2026 (Yes Punjab News)
The Directorate of Enforcement (ED), Chandigarh Zonal Office, has conducted searches at business and residential premises linked to Ravinder Taneja, Chairperson of the TDI Group and Managing Director of several group companies, as part of its money laundering investigation into the Gurgaon-Manesar land scam.
The searches were carried out under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a money laundering case arising from an FIR registered by the Central Bureau of Investigation (CBI).
According to the ED, the investigation concerns alleged transactions involving the TDI Group, Atul Bansal and the ABWIL-led group of companies during the period under scrutiny.
The agency said its investigation has found that more than 400 acres of land in Manesar, Naurangpur and Lakhnoula villages, which had been notified for acquisition in 2007, were allegedly purchased by private builders and intermediaries from farmers at low prices amid expectations that the land would be acquired by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC).
The ED alleged that the acquisition process was subsequently allowed to lapse and the acquisition award was dropped. The land was then allegedly sold at substantially higher prices, generating significant profits for those involved.
The agency has identified the TDI Group, led by Ravinder Taneja, as one of the intermediaries allegedly involved in the transactions.
According to the ED, during the 2005-2007 land acquisition period, three companies associated with the TDI Group — Indo Asian Construction Co. Pvt. Ltd., NCR Properties Pvt. Ltd. and Divya Jyoti Enterprises Pvt. Ltd. — allegedly purchased nearly 33 acres of land from farmers and later sold it to the Atul Bansal group at a profit.
The searches continued for more than three days at locations in New Delhi and Mohali. The agency said officials recovered records relating to alleged irregularities and illegalities in other projects, which are being examined as part of the investigation.
The ED said dozens of project records and files, along with digital devices, computers, hard disks and servers, were seized. Luxury vehicles identified by the agency as alleged proceeds of crime were also seized during the searches.
The agency said examination of the seized records, assets and financial affairs of TDI Group companies is currently under way and will form part of the ongoing investigation.
FOLLOW NOW
