Archive · 7 Nov 2025
SRS Group Co-Founder Praveen Kapoor Deported from US in Rs 2,200 Cr Scam
A businessman named Praveen Kumar Kapoor, who helped start a real estate company in India called SRS Group, has been sent back to India from the United States.
He is accused of a big scam involving about 2,200 crore rupees.
When he arrived in the U.S., they cancelled his visa and sent him home because India had asked for his arrest through an international police notice.
The company allegedly promised people good profits on their investments but instead used many fake companies to hide and move the money.
Kapoor and some partners had been hiding for years.
Now that he is back in India, he is being questioned by the police and the financial investigation agency.
Praveen Kumar Kapoor, co-founder and promoter of SRS Group, has been deported from the US to India.
He was detained at Newark International Airport on an Interpol Red Corner Notice issued at India's request.
Kapoor is accused of defrauding investors and banks of over Rs 2,200 crore.
The SRS Group allegedly lured investors with high returns and siphoned funds through hundreds of shell companies for money laundering.
US authorities cancelled his B1/B2 visa and deported him to New Delhi on November 2, 2025.
- Who
- Praveen Kumar Kapoor, co-founder and promoter of the realty firm SRS Group.
- What
- Deported from the US to India following detention at Newark International Airport based on an Interpol Red Corner Notice and cancellation of his visa, in connection with a Rs 2,200 crore fraud case.
- When
- Deported on November 2, 2025. The Enforcement Directorate announced this on November 6, 2025.
- Where
- Detained at Newark International Airport, USA, and subsequently deported to New Delhi, India.
- Why
- Accused of defrauding investors and banks of over Rs 2,200 crore by luring them with high returns, siphoning off funds through hundreds of shell companies, and laundering the money. He was also accused of diverting bank loan amounts.
Accused
Investigation
Financial Irregularities
Accused
Praveen Kumar Kapoor is accused of defrauding investors and banks of over Rs 2,200 crore by luring them with high returns and then siphoning off funds.
Investigation
The ED's investigation reveals that funds from investments were deposited into hundreds of shell companies and subsequently laundered. Kapoor allegedly diverted loans taken from banks to family members, partners, and controlled companies.
Fugitive Status
Accused
Kapoor and other promoter-directors of SRS Group were absconding for years and reportedly hiding in Georgia and Dubai.
Investigation
The ED initiated proceedings under the Fugitive Economic Offenders Act (FEOA) to declare Kapoor, along with Jitender Kumar Garg and Sunil Jindal, as fugitive economic offenders.
- Accused
- Praveen Kumar Kapoor (Co-founder & Promoter, SRS Group)
- Allegations
- Defrauding investors and banks of over Rs 2,200 crore, money laundering through shell companies, diversion of funds
- Amount Involved
- Rs 2,200 crore
- Deportation Date
- November 2, 2025
- Detained At
- Newark International Airport, USA
- Investigating Agency
- Enforcement Directorate (ED)
- Legal Status
- Declared Proclaimed Offender; Fugitive Economic Offender proceedings initiated
- Related FIRs
- 81 registered across Faridabad, Delhi, and by CBI
