Archive · 21 Sep 2025
ED Probes Delhi Group for Undisclosed Foreign Assets
The ED, a financial investigation agency, is looking into the Imperial Group, run by Manavinder Singh and Sagri Singh, for not reporting all their money and assets properly.
They found more than ₹80 crore in assets hidden in other countries like Singapore, Dubai, British Virgin Islands, and Thailand.
The ED also found a helicopter valued at ₹7 crore and a luxury villa in Thailand.
They have also found cash and bank records during the searches.
This is illegal because it breaks rules about how money can be moved across borders.
The Enforcement Directorate (ED) conducted searches on the Imperial Group.
The searches were part of a Foreign Exchange Management Act (FEMA) probe.
Undisclosed assets exceeding ₹80 crore were found, located in several countries.
Financial records and cash were seized during the searches.
A helicopter and luxury villa were allegedly purchased.
- Who
- The Enforcement Directorate (ED) is investigating Manavinder Singh, Sagri Singh, and the Imperial Group.
- What
- The ED conducted searches related to alleged undisclosed foreign assets and financial interests, exceeding ₹80 crore.
- When
- Searches were conducted on September 19-20.
- Where
- Searches took place in Delhi and Himachal Pradesh.
- Why
- Investigations were triggered by suspicions of financial violations under FEMA related to overseas assets.
Government Position
Imperial Group
Allegations of Illegal Activities
Government Position
The government, via the ED, alleges that the Imperial Group and its promoters engaged in illegal activities by not disclosing their assets and financial interests and violating FEMA rules.
Imperial Group
Not Available in the articles.
- Entity Targeted
- Imperial Group, Manavinder Singh & Sagri Singh
- Total Undisclosed Assets
- Over ₹80 crore
- Legal Basis
- Foreign Exchange Management Act (FEMA)
- Assets Locations
- Singapore, Dubai, British Virgin Islands, Thailand
- Cash Seized
- ₹50 lakh (incl. ₹50,000 old notes) & USD 14,700
- Helicopter Details
- Robinson 66, ₹7 crore
- Related Project
- Auramah Valley, Naldehra
