ED Attaches Rs 300 Crore Land in Gurugram in Money Laundering Probe

The Enforcement Directorate (ED) has attached land worth over Rs 300 crore in Gurugram, linked to M3M real estate group, as part of a money laundering case involving former Haryana CM Bhupinder Singh Hooda. The move follows allegations of fraudulent land acquisitions, causing significant financial losses to landowners and the state.

The Enforcement Directorate (ED) on Friday has announced the attachment of land worth over Rs 300 crore belonging to M3M real estate group in Gurugram. This action comes as part of an ongoing money laundering investigation associated with a land fraud case involving former Haryana chief minister and Congress leader Bhupinder Singh Hooda.

The ED issued a provisional order to attach the 88.29 acres of land in Harsaru tehsil, Gurugram, under the Prevention of Money Laundering Act (PMLA). In their statement, the ED explained that the accused used fraudulent means to obtain land licenses and subsequently made wrongful financial gains, defrauding both the landowners and the state of Haryana.

M3M has expressed strong objections to the action, calling it unwarranted and unjustified. They emphasized that their business operations have been transparent and lawful, contradicting the allegations. The ED alleges these fraudulent activities have generated proceeds of crime amounting to Rs 300.15 crore, which were funneled through various entities and accounts.

(With inputs from agencies.)