ED files charge sheet against SRS group, promoters in money laundering case
The Enforcement Directorate has filed a charge sheet against the SRS group and its promoters in a money laundering case linked to alleged cheating of homebuyers and investors.
Nineteen accused persons and entities, including SRS group chairman Anil Jindal and company directors Jitender Kumar Garg, Praveen Kumar Kapoor and Vinod Jindal, have been named in the prosecution complaint filed under various sections of the Prevention of Money Laundering Act (PMLA), the agency said in a statement.
The complaint has been filed before a special PMLA court in Gurugram and the court took cognisance on October 31, it said.
"The accused duped innocent buyers by promising them to deliver flats, plots, commercial spaces etc. however, they failed to deliver the projects. The real estate projects were mortgaged to avail loans from banks and other financial institutions," the Enforcement Directorate (ED) said.
However, it added, the loans were not used for the intended purposes and were defaulted, ..