Enforcement Directorate (ED) has provisionally attached immovable properties worth more than 206 crore rupees in a money-laundering case involving TDI Infrastructure Ltd. ED said that the assets include around 8.3 acres of land and commercial units located in Kamaspur in Sonipat, Haryana, owned by the company and its associated entities. The agency began the investigation based on 26 FIRs and charge sheets filed by the Delhi Police and its Economic Offences Wing. The investigation revealed that the company and its promoters failed to deliver flats and units to thousands of homebuyers on time, with delays of up to 16 to 18 years in some projects. It noted that the company had launched 23 housing and commercial projects in Sonipat between 2005 and 2014 and collected over 4,619 crore rupees from more than 14 thousand buyers. However, several projects remain incomplete. The agency added that the promoters diverted the funds to subsidiaries and land-owning companies as advances for the purchase of land parcels and other purposes instead of using them to complete the projects. Earlier, the ED had attached assets worth more than 45 crore rupees in the case. With the latest action, the total value of attached properties has reached more than 250 crore rupees.
