New Delhi: Days after initiating money laundering probe against the promoters of Amrapali group, the Enforcement Directorate (ED) has started scrutinising forensic audit report of the company’s accounts.
There are allegations that the embattled real estate major Amrapali Group and its promoters set up more than 100 shell companies in the name of company’s officials to divert funds collected from the homebuyers, sources said.
Sources said: “The agency sleuths are scrutinising audit report of the company’s accounts. It is also suspected that the promoters allegedly set up 23 shell companies in the names of office boys, peons and drivers. The top brass of the group allegedly used these bogus firms (around 100) to divert funds worth Rs 3,000 crore”.
Immediately after completion of the scrutiny of the company’s accounts, investigators will start interrogation of the accused, they added.
The ED recently filed a criminal case of money laundering against Amrapali Group and its promoters, who allegedly failed to give possession of flats to over 42,000 homebuyers in Noida and Greater Noida.
The Central agency has filed a case under the Prevention of Money Laundering Act (PMLA) after taking cognisance of 16 FIRs registered against the group by the Noida police.
The Supreme Court on Tuesday directed the ED to investigate money laundering by directors and officials of the Amrapali Group. The court also cancelled the lease granted by Noida and Greater Noida authorities to all projects of the realty group.
