The Enforcement Directorate conducted raids at nearly a dozen locations across Chandigarh and Mohali, targeting builders allegedly involved in a financial fraud and money laundering case. Chaos erupted during a raid in Mohali after bags reportedly containing ₹500 notes were thrown from the ninth floor of a building. Videos showed cash bundles scattered on the ground, with preliminary estimates suggesting nearly ₹25 lakh was recovered. The probe is reportedly linked to alleged irregularities involving GMADA CLU licences and cheating worth hundreds of crores.
Details of the Raids
The ED's operation covered multiple sites in Chandigarh and Mohali, focusing on builders suspected of illicit financial activities. The incident of cash bags being hurled from a high-rise building added to the dramatic nature of the searches. Officials are analyzing the recovered currency and tracing its origin.
Investigation Scope
The case is connected to alleged fraud in the issuance of Change of Land Use (CLU) licences by the Greater Mohali Area Development Authority (GMADA). The irregularities are said to involve hundreds of crores of rupees, with builders exploiting loopholes in the system. The ED is examining financial records and conducting interviews with suspects.
Recovery and Evidence
Initial estimates indicate that around ₹25 lakh in cash was recovered from the scattered bundles. The ED has also seized documents and digital evidence that may shed light on the broader conspiracy. Further raids and arrests are anticipated as the investigation deepens.
Reactions and Next Steps
The dramatic cash-throwing incident has drawn widespread attention, highlighting the scale of alleged corruption. Authorities have assured the public that all those involved will be held accountable. The ED is expected to file charges and pursue legal action against the accused builders and officials.
