7 hrs ago
ED Raids Punjab Minister’s Nephew in Alleged Money-Laundering Case
India’s financial crime agency searched the home of a relative of Punjab minister Hardeep Singh Mundian.
The search happened in Sahnewal, in Ludhiana district.
Officials are looking into financial transactions connected to the minister’s relative.
The investigation concerns a possible money-laundering case.
The agency said it searched 26 places in several cities.
These searches involved people connected to five infrastructure and real-estate companies.
The operation was conducted under India’s Prevention of Money Laundering Act.
The search in Sahnewal was still continuing when the report was published.
The Directorate of Enforcement raided the Sahnewal residence of Gurpreet Singh Saini, identified in the report as minister Hardeep Singh Mundian’s nephew.
The raid was linked to an alleged money-laundering investigation involving financial transactions of the minister’s relative.
The Enforcement Directorate said it conducted searches and surveys at 26 premises across Delhi, Mohali, Chandigarh, Panchkula and Ludhiana.
The action involved promoters, directors and associated persons connected with five infrastructure and real-estate companies.
The raid in Sahnewal was still underway when the report was filed.
- Who
- The Directorate of Enforcement, Punjab minister Hardeep Singh Mundian’s relative Gurpreet Singh Saini, and people associated with five companies.
- What
- The Enforcement Directorate conducted a raid and searches as part of an alleged money-laundering investigation.
- Where
- The reported raid took place in Sahnewal, Ludhiana district, while related searches covered Delhi, Mohali, Chandigarh, Panchkula and Ludhiana.
- When
- The raid was ongoing when the report was filed; no specific date was provided in the article.
- Why
- The Enforcement Directorate said it was investigating financial transactions and possible money laundering linked to the named companies and associated persons.
Key facts
- Investigating agency
- Directorate of Enforcement
- Legal basis
- Prevention of Money Laundering Act, 2002
- Reported residence
- Sahnewal, Ludhiana district
- Number of premises searched
- 26
- Locations covered
- Delhi, Mohali, Chandigarh, Panchkula and Ludhiana
- Minister’s position
- Revenue minister in the Bhagwant Mann-led Punjab government
- Companies named
- Tirupati Infraprojects, Remigate Buildestates (India), MB Infrabuild, Mera Baba Reality Associates and Mera Baba Infrastructure
Quotes
An ED source
A source from the Directorate of Enforcement familiar with the investigation.
“Directorate of Enforcement has initiated search and survey operations under the Prevention of Money Laundering Act, 2002 at 26 premises across Delhi, Mohali, Chandigarh, Panchkula and Ludhiana in the case relating to M/s Tirupati Infra Projects Pvt. Ltd. The action covers the promoters, directors and associated persons of M/s Tirupati Infraprojects Pvt. Ltd., M/s Remigate Buildestates (India) Pvt. Ltd., M/s MB Infrabuild Pvt. Ltd., M/s Mera Baba Reality Associates Pvt. Ltd. and M/s Mera Baba In,”
indianexpress.com
“financial transactions of the minister’s relative were being investigated.”
indianexpress.com
Sources
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