New Delhi:
In the Lotus 300 project case, ED conducted raids at several places in Delhi and UP. Retired IAS officer and former CEO of Noida Authority Mohinder Singh’s bungalow in Chandigarh was also raided. Around Rs 1 crore cash and diamonds worth Rs 12 crore have been seized. At present, the investigation of the case is going on.
In this case, diamond jewellery worth more than Rs 5 crore has been recovered from the premises of Aditya Gupta, a big exporter and builder from Meerut. ED conducted this raid at the offices of Hacienda Project Private Limited. ED raided Sharda Export in Meerut, which is linked to a carpet businessman.
Apart from Delhi, raids were conducted in Meerut, Noida and Chandigarh. The Chandigarh bungalow of retired IAS officer and former CEO of Noida Authority Mohinder Singh was also raided. About Rs 1 crore in cash, diamonds worth Rs 12 crore, gold jewellery worth Rs 7 crore and many suspicious documents have been recovered from his bungalow.
what is the whole matter
In 2018, the Economic Offenses Wing of Delhi Police arrested three directors of real estate company 3C, Nirmal Singh, Surpreet Singh and Vidur Bhardwaj, in connection with the Lotus 300 project in Sector 107 of Noida. According to EOW officials, a case of fraud was registered on March 24, 2018 on the complaint of home buyers. According to the police, an amount of 636 crores was taken from the buyers in the project, out of which about 191 crores was transferred to the subsidiary company of 3C company, which had nothing to do with the construction.
Thank you for taking the time to read this article! I hope you found the information insightful and helpful. If you enjoyed this type of content, please consider subscribing to our newsletter or joining our community. We’d love to have you! Feel free to share this article with your friends and family, who might also find it interesting.
Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.