ED raids 'aide' of Punjab AAP functionary, others in land 'fraud' case

CHANDIGARH: (May 8) The ED on Thursday conducted searches at multiple locations in Punjab and Chandigarh, including the premises of an alleged associate of Punjab Aam Aadmi Party functionary, as part of a money laundering probe against two realty groups on charges of fraudulent change of land use and duping investors, officials said.

The agency searched about a dozen locations in Mohali (SAS Nagar) and Chandigarh linked to the Suntec City project (developed by ICHBS or Indian Cooperative Housing Building Society), its promoter Ajay Sehgal, ABS Townships, Altus Space Builders, Dhir Constructions and associates under the provisions of the Prevention of Money Laundering Act (PMLA).

By late evening, the ED search teams seized about Rs 1 crore in cash. This included Rs 21 lakh kept in two bags that were flung onto the ground from a window of the Western Towers, a high-rise residential building in Mohali's Kharar area.