The Enforcement Directorate recently conducted searches on an Uttar Pradesh-based real estate company as part of a money laundering investigation linked to an alleged bank loan fraud and cheating of homebuyers, according to official sources. The federal agency raided premises connected to the Tulsiani Group in Lucknow, Meerut, Noida, Prayagraj, and Gurugram, including an office in Lucknow’s Gomti Nagar area linked to a family member of BJP MLA Ajay Singh.
Anil Tulsiani and his wife, former directors of a Prayagraj-based company, are under investigation, with new directors allegedly linked to the BJP legislator. The ED is searching these premises to gather evidence on charges of bank loan fraud and cheating of homebuyers.
Singh, reacting to the raids, stated that he was prepared for any investigation and emphasized his commitment to the BJP. The money laundering case against the Tulsiani Group and its promoters originated from a PNB complaint, alleging a fraud of Rs 4.63 crore. The ED suspects the “proceeds of crime” in this case are approximately Rs 10 crore.
The Tulsiani Group has constructed projects in Prayagraj and Lucknow and is involved in similar projects in Meerut and Gurugram, as per their website. The company did not immediately respond to a request for comment.
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