Another leading real estate company of Delhi NCR seems to be embroiled in controversies. The Enforcement Directorate (ED) has arrested Roop Kumar Bansal, director of Gurugram-based realty company M3M, in connection with its probe into an alleged money laundering case. The ED issued a statement on Friday giving this information. Let us inform you that the realty group was also raided this week, after which this action has been taken.
detained under PMLA
According to the ED statement, Roop Kumar Bansal was taken into custody on Thursday under the Prevention of Money Laundering Act (PMLA) and was later produced before a special court in Haryana’s Panchkula, which sent him to seven days’ ED custody. The arrest was made in connection with the ongoing investigation against the Ireo and M3M groups. In its statement, the ED said, “The custody of Roop Kumar Bansal was necessary for the investigation and he has been evading the investigation and was not responding to the summons issued by the ED on several occasions.”
Cars worth 60 crores were seized in the raid
On June 1, the probe agency carried out raids in Delhi and Gurugram against M3M group and its directors as well as another real estate group Ireo. The ED had said in a statement that luxury vehicles like Ferrari, Lamborghini and Bentley worth Rs 60 crore were seized in the raids. The ED has alleged that the promoters of the M3M group – Basant Bansal, Roop Kumar Bansal, Pankaj Bansal and other key people – deliberately evaded investigation during the search operation.
The agency has been probing the Ireo Group for the past few years over allegations of money laundering and misappropriation of investors’ money. According to the ED, it came to know during the investigation that hundreds of crores of rupees were also sent through M3M Group. In one such transaction, Rs 400 crore was received by M3M from Ireo via multiple companies.