ED Conducts Raids in Housing Society Fraud Case
The Directorate of Enforcement (ED) conducted search operations at eight residential and business premises linked to Mangal Sain Mittal, Anil Sharma, their associates, and business entities across Delhi, Faridabad, and Gurugram. The searches were part of an investigation into an alleged housing society fraud case.
Assets Worth Rs 6.63 Crore Seized
The ED said the searches led to the seizure of assets worth around Rs 6.63 crore, including unaccounted cash of Rs 55 lakh, gold bullion worth Rs 1.85 crore, gold jewellery worth Rs 1.95 crore, and silver weighing about 100 kg valued at Rs 2.28 crore. Several bank accounts linked to the accused were also frozen.
FIR Registered in Gurugram
The investigation is based on an FIR registered at Sushant Lok police station, Gurugram, against Anil, Arun, Mangal, and others under various sections of the Indian Penal Code, 1860. The accused have been booked for allegedly defrauding members of Shanti Niketan Co-operative Group Housing Society Ltd (SGHS).
Export Proceeds Allegedly Misused
The ED further alleged that export proceeds had been received from third-party entities other than the consignee or buyer named in the export invoices and shipping bills. This indicates a potential misuse of export documentation to divert funds.
