Archive · 23 Jul 2026
ED Files Complaint Against Ajay Sehgal in ₹348 Crore Money Laundering Case
The Enforcement Directorate (ED) has filed a complaint against Ajay Sehgal, accusing him of money laundering.
They say he used fake documents to get permission to build a big project called SUNTEC City.
The ED claims that Sehgal and his brothers made a lot of money illegally, about ₹348 crore, by selling homes and other units without proper approvals.
They also say that Sehgal did not follow the rules for building and selling these units.
The ED has seized some money and documents, and Sehgal was arrested.
The case is still being investigated.
The ED filed a prosecution complaint against Ajay Sehgal for money laundering linked to fraudulent CLU approvals.
Sehgal allegedly obtained CLU approval for 108.58 acres of land using forged consent letters.
The ED claims that residential units were sold without proper RERA registration and completion certificates.
The development rights were transferred to ABS Township Pvt. Ltd., owned by Sehgal's brothers.
The ED alleges that the proceeds of crime amount to approximately ₹348 crore.
- Who
- Ajay Sehgal, Secretary of the Indian Co-operative House Building Society Ltd.
- What
- Filing of a prosecution complaint by the Enforcement Directorate (ED) for money laundering.
- When
- July 20, 2026
- Where
- Special Court (PMLA), Mohali
- Why
- Allegations of fraudulent procurement of Change of Land Use (CLU) approvals and money laundering.
ED's Allegations
Ajay Sehgal's Defense
Forged Consent Letters
ED's Allegations
The ED alleges that Ajay Sehgal submitted forged consent letters to obtain CLU approvals.
Ajay Sehgal's Defense
No specific defense mentioned in the articles.
Transfer of Development Rights
ED's Allegations
The ED claims that the development rights were transferred to ABS Township Pvt. Ltd., owned by Sehgal's brothers.
Ajay Sehgal's Defense
No specific defense mentioned in the articles.
Proceeds of Crime
ED's Allegations
The ED alleges that the proceeds of crime amount to approximately ₹348 crore.
Ajay Sehgal's Defense
No specific defense mentioned in the articles.
- Date of Complaint
- July 20, 2026
- Alleged Mastermind
- Ajay Sehgal
- Amount of Proceeds of Crime
- ₹348 crore
- Date of Arrest
- May 22, 2026
- Seized Cash
- ₹30.98 lakh
- Project Name
- SUNTEC City
- Company Involved
- ABS Township Pvt. Ltd.
- Act Under Which Complaint Filed
- Prevention of Money Laundering Act (PMLA), 2002