The Enforcement Directorate's (ED) Jalandhar zonal office has summoned the chief administrator of the Greater Mohali Area Development Authority (GMADA) to appear on Monday in connection with an ongoing Rs 150 crore money laundering investigation.
The probe involves alleged irregularities in the change of land use (CLU) approvals granted to two major real estate projects, Suntec City and Altus Space Builders Private Limited. The ED notice requires the chief administrator, or an authorised representative of at least gazetted rank, to present records and evidence at the Jalandhar office. These proceedings, held under Section 50 of the PMLA, are judicial in nature. Officials have warned that failure to comply will result in strict legal action under the PMLA (2002) and the BNS (2023).
As part of the inquiry, the ED has demanded the complete file of all approvals granted to Altus Space Builders, a list of all officials involved in the approval process for these projects, and full details of all financial transactions between Altus Space Builders and GMADA. This summons follows a series of raids conducted on May 8 at 12 locations across Mohali, Chandigarh, and Patiala. Those targeted included the Indian Cooperative Housing Building Society (promoters of Suntec City), its office-bearers, Altus Space Builders, ABS Townships, Dheer Constructions, and various intermediaries.
The ED's action underscores the seriousness of the allegations and the agency's commitment to investigating financial irregularities in real estate projects. The summoned official must cooperate fully to avoid legal consequences.
