Search
+
    SEARCHED FOR:

    IREO

    Supreme Court stays criminal proceedings against IREO, Oberoi top brass

    Challenging the Punjab and Haryana High Court’s order that upheld registration of an FIR, both IREO, and Oberoi group moved the Supreme Court alleging that Singh, the authorised representative of Advance India Projects (AIPL) did not disclose the first criminal proceeding where he got no relief and a second complaint was filed in a different police station.

    PMLA Adjudicating Authority approves ED attachment order in case against ex-special judge

    Properties worth over Rs 7 crore belonging to relatives and friends of a former PMLA Judge in Haryana may be seized after the adjudicating authority confirmed the attachment order in a money laundering case. The Enforcement Directorate had provisionally attached the assets in August. The properties, linked to ex-PMLA judge Sudhir Parmar, were deemed acquired from the proceeds of crime. Parmar was arrested for alleged bribery, receiving Rs 5-7 crore from real estate groups. The case originated from an FIR filed by Haryana Police's Anti-Corruption Bureau against Parmar, his nephew, and a realty group promoter.

    Oberoi Realty acquires 14.8 acre in Gurugram for Rs 597 crore

    The consideration for the transaction will be paid in the form of event and time-linked milestones. The consideration also involves up to a certain area in the project for the existing homeowners and others, as per the terms of the agreement.

    ED not expected to be vindictive in its conduct, must furnish grounds of arrest to accused: SC

    The Supreme Court of India has directed the Enforcement Directorate (ED) to act with fairness and transparency in its investigations into money laundering cases. The court stated that the ED, as a premier investigative agency, should conduct itself with utmost probity and dispassion.

    SC grants bail to M3M directors in money laundering case

    The Supreme Court has granted bail to the directors of realty group M3M, Basant and Pankaj Bansal, in a money laundering case. The court criticized the Enforcement Directorate (ED) for not providing a written copy of the grounds for their arrest and emphasized the importance of maintaining fair and stringent standards in curbing money laundering.

    ED approaches Panchkula court to interrogate M3M directors lodged in Ambala jail in money laundering case

    The Enforcement Directorate (ED) has applied to interrogate three directors of M3M, a real estate firm, imprisoned in a money laundering case. The ED is investigating a case under the Prevention of Money Laundering Act against the directors and the promoter. ED alleged in its applications that these directors were involved in offering bribes to a judge for favours and defrauding their customers and investors.

    • ED questions Tina Ambani in alleged forex violation case

      According to officials, the probe stems from revelations made by International Consortium of Investigative Journalists's Pandora Papers case, which involves disclosure of offshore investments and assets. Ambani's alleged links to some offshore companies based in Jersey, British Virgin Islands and Cyprus are under ED scanner

      Salve seeks Supreme Court help to curb ED's 'drastic powers' in PMLA cases

      Senior counsel Harish Salve argued before the Supreme Court for intervention in the \"drastic powers\" of the Enforcement Directorate (ED) in money laundering probes, as he represented M3M group directors Basant Bansal and Pankaj Bansal. Salve and senior counsel Mukul Rohatgi argued that there was no violation of anticipatory bail conditions by the directors of the realty group to prompt such an action. Salve mentioned that such powers given to the ED need to be reined in and that nobody is safe in this country if Lordships do not intervene.

      ED arrests IREO MD Lalit Goyal in money laundering case

      The Enforcement Directorate (ED) on Tuesday arrested real estate firm IREO's owner and Managing Director Lalit Goyal in a money laundering case linked to alleged bribery of a now-suspended special judge based in Panchkula, official sources said. The businessman was taken into custody by the federal probe agency under the criminal sections of the Prevention of Money Laundering Act (PMLA) from Gurugram, they said.

      ED arrests two M3M promoters in money laundering case

      The Enforcement Directorate (ED) has arrested Basant Bansal and Pankaj Bansal, directors of M3M realty group, under money laundering charges linked to a former special court judge of Panchkula. The judge was alleged to have been showing favouritism in the ED and CBI cases against the M3M group directors and another real estate group called IREO.

      Delhi HC grants interim protection from arrest to M3M Group owners in money laundering case

      Delhi High Court has granted interim protection from arrest till July 5 to M3M Group owners Basant Bansal and Pankaj Bansal in a money laundering case linked to real estate firm IREO. A vacation bench of Justice Chandra Dhari Singh said in the case of arrest, the owners of the Gurugram-based realty company would be granted bail, subject to certain conditions, on a personal bond of Rs 10 lakh each with two sureties of the like amount.

      ED froze Rs 205 crore in bank A/cs, seized other assets: M3M promoter to court

      The central agency on June 3 issued a letter to a bank, directing it to mark four accounts of M3M and its group concerns as "debit freeze" accounts, Roop Bansal said in a petition filed in the high court earlier this week.

      Enforcement Directorate arrests M3M director Roop Kumar Bansal in money laundering case

      Bansal was taken into custody under the Prevention of Money Laundering Act (PMLA) on Thursday and he was later produced in a special court in Panchkula in Haryana which sent him to seven-day ED custody, the agency said in a statement. The arrest, it said, was made in connection with the investigation being done against IREO and M3M groups for "diverting, siphoning off and misappropriating funds of investors and customers".

      ED arrests M3M group director in money laundering case

      The Enforcement Directorate (ED) in India has arrested Roop Kumar Bansal, a director of real estate company M3M, as part of a money laundering investigation. Bansal was apprehended under the Prevention of Money Laundering Act, post M3M and fellow real estate group IREO were raided by the ED on 1 June.

      ED raids realty groups IREO, M3M, seizes luxury cars worth Rs 60 crore

      The Indian Enforcement Directorate (ED) has seized luxury cars and jewellery worth INR 65.75 crore ($8.8m) during raids on real estate firms IREO and M3M as part of a money laundering investigation. The ED alleges that the searches revealed “huge amounts of money running into hundreds of crores” being siphoned off through M3M, from which luxury cars and jewellery were purchased, with ownership denied by the Bansals, key stakeholders in the group. In one transaction, M3M Group allegedly received around INR 400 crore from IREO Group through “several shell companies in multiple layers,” where the acquisitions were shown as payments towards development rights.

      ED starts Ansal API probe, seeks details on Thursday

      The Directorate of Enforcement (ED) has begun a probe into real estate developer Ansal API and sought information on one of the company's Gurgaon projects on Thursday, said people aware of the development.

      AIPL signs asset management contract with IREO group to develop project in Ludhiana

      An IREO spokesperson said that discussions are currently going on with the AIPL and there are some pending issues which needs to be finalized. The project was launched in 2010 and 50% of the project was sold while it get stuck midway.

      Gurgaon court directs police to initiate process to declare Ramesh Sanka, former IREO CEO a “proclaimed offender”

      The order was issued after an arrest warrant against him returned unexecuted. The court said it “is satisfied that the presence of the accused Ramesh Sanka cannot be secured through issuance of non-bailable warrants”

      ED attaches over Rs 1,300 cr worth assets in money laundering case against realty group IREO, promoters

      The attached properties include land, commercial spaces, plots, residential houses and bank accounts, the federal agency said in a statement issued on Saturday.

      Oberoi Realty in talks to acquire 50-acre land in Gurgaon

      There is an under-construction residential tower on the property, developed by IREO Projects, with some sold units. Several homebuyers had approached the developer to help revive the project.

      M3M buys 30-acre plot in Gurgaon from IREO group

      The IREO group is currently being probed for money laundering by the Enforcement Directorate. "Under the Deen Dayal Jan Awas Yojana, we will invest another ₹1,000 crore to create 2,000 independent floors," M3M India director Pankaj Bansal said.

      IREO's Lalit Goyal arrested by ED

      The businessman, whose sister is married to BJP leader Sudhanshu Mittal, is being probed in relation with a money laundering case linked to alleged diversion of estimated USD 77 million (one million is equal to 10 lakhs) of home buyers' funds, investments and shareholdings to some offshore entities.

      One Group to invest Rs 300 crore in stuck project in Mohali

      The NCLT had approved the plan earlier this month, giving hope to over 1,000 homebuyers who have been stuck in the projects for over 10 years. The company will first complete the group housing and plotted developments and then monetise the unsold land parcels through commercial and residential developments.

      One Group set to pump Rs 300 cr in Ireo unit project

      The company will first complete the group housing and plotted developments and then monetise the unsold land parcels through commercial and residential developments.

      Homebuyers accuse Ireo MD, accomplice of Rs 10,000 crore fraud

      A group of homebuyers have sought a series of reliefs in an application to the Supreme Court demanding Ireo’s managing director, Lalit Goyal, and his accomplice be restrained from disposing any personal properties.

      Realtors using pre-fabrication tech to finish buildings faster

      Using this technology, parts of the building like the walls are built in a factory nearby and then transported to the site and assembled to finish the building.

      Trump realty company inks deal for Gurgaon project

      The office building, which will be designed by architect Norman Foster, will be part of the larger master-planned IREO city in sector 61 of Gurgaon.

      Hines-ADIA, Conscient to invest Rs 400 crore in residential space in Gurgaon

      “Hines will also bring in its international residential development and planning experience to the table in this deal,“ said the person quoted above.

      New office district with over 20 million sq ft IT SEZ space coming up in Gurgaon

      IREO and a joint venture of Singaporean IT park specialist Ascendas and sovereign fund GIC are separately planning to build IT SEZ space.

      Load More
    The Economic Times
    BACK TO TOP