ED Attaches Rs 294 Crore in Fraud Cases

The Enforcement Directorate (ED) has taken significant actions against multiple companies involved in alleged financial crimes. In the case of Vinayak Nirman Private Limited, the ED attached Rs 4.05 crore due to fraudulent claims of tax deductions based on forged project completion certificates. Additionally, assets worth approximately Rs 834 crore belonging to EMAAR India Limited and MGF Developments Limited were provisionally attached in relation to corruption allegations involving former Haryana Chief Minister Bhupinder Singh Hooda, who is accused of facilitating the acquisition of land at undervalued prices. Furthermore, the ED has attached assets worth Rs 294.19 crore related to the bank fraud case involving Sunstar Overseas Limited, which resulted in a loss of Rs 950 crore to a consortium of banks. These investigations highlight ongoing efforts to combat money laundering and fraudulent practices in India's financial sector.