Archive · 14 Aug 2025
ED Raids Rohtas Projects in Rs 248 Crore Fraud Probe
The government is investigating Rohtas Projects for allegedly cheating people who bought homes and businesses.
The ED raided offices in Lucknow and Delhi.
They think the company took over 248 crore rupees from buyers, but never gave them the properties.
The investigation is looking into the money and the assets of the owners, who have not been found for four years.
The company owners are Piyush Rastogi, Paresh Rastogi, and Deepak Rastogi.
ED conducted raids on Rohtas Projects Ltd. over a money-laundering probe.
The probe involves allegations of defrauding investors of Rs 248 crore.
Raids were conducted at eight premises in Lucknow and two in Delhi.
The money-laundering case is based on 87 FIRs filed by buyers since 2021.
Promoters, including Piyush Rastogi, Paresh Rastogi, and Deepak Rastogi, are absconding.
- Who
- ED, Rohtas Projects Ltd. and its promoters: Piyush Rastogi, Paresh Rastogi, Deepak Rastogi.
- What
- ED conducted raids on Rohtas Projects Ltd. due to a money-laundering probe.
- When
- Raids were conducted Wednesday.
- Where
- Lucknow and Delhi, India.
- Why
- To investigate allegations of defrauding investors and money laundering.
Authorities
Rohtas Projects
Investigation
Authorities
The investigation aims to gather evidence and trace assets.
Rohtas Projects
The promoters are likely to view the investigation unfavorably.
- Company
- Rohtas Projects Ltd.
- Alleged Offense
- Money Laundering, Investor Fraud
- Amount Involved
- Rs 248 crore
- Location of Raids
- Lucknow, Delhi
- Promoters
- Piyush Rastogi, Paresh Rastogi, Deepak Rastogi
Sources
Robert Vadra ‘passed the buck’ to three dead ‘associates’ for Gurgaon deal: Who are they?
ED raids against UP realty group for Rs 248-cr ‘fraud’ with home buyers
ED raids multiple locations in Rohtas Projects scam; promoters absconding for 4 years
ED Arrests Ex-VVCMC Commissioner, Civic Chief, BVA Leader & 2 Others In Vasai-Virar Land Scam
