New Money laundering cases are coming on a daily basis leading to frauds of thousands of crores rupees. ED has recently undergone an investigation of Major DLF in Gurugram to check out its relation with the Supertech company in a money laundering case. Supertech is a company that deals in real estate providing households to NCR customers. A case of money laundering involving the amount of Rs. 164 crores is running on the company. Let us explore more about the Supertech money laundering case below.
DLF Money Laundering Case Update:
ED has recently searched DLF in Gurugram in relation to the money laundering case on SuperTech. Ram Kishore Arora was the promoter of SuperTech who got arrested in June after an ED investigation. He was said to be having major involvement in the company’s decisions. Supertech provides properties to customers based on their budget in Gurugram. It has successfully built 80,000+ apartments in NCR. The company has satisfied several customers. The recent report shows that around 20000 customers have not yet got their deal. They are still waiting for the work to be done by Supertech. The company has also been in the headlines for taking some customer’s money and investing to shell companies. The search at DLF also got some documents related to the last few day’s reports.
The company previously faced a loss of more than 500 crores rupees in 2022. It was the time when Supertech constructed two twin towers in Noida. These were known as Apex and Ceyane. It was constructed on the Noida Expressway. Supreme court orders to demolish the towers as they didn’t follow the norms associated with the construction. The company took some amount from Union Bank. It was unable to pay back the dues which led to Union Bank filing a petition against the company.
The recent report against Supertech mentions that the company took around Rs. 440 crores from the customers for the land and apartments but has not completed the project yet. The police department of Delhi, Haryana, and UP has registered around 26 FIRs against the company. These claims that the company has been involved in money laundering of Rs. 164 crores with the money provided by around 670 buyers. The incident has led to immediate action against the company along with its supported companies. We will update you more about the case shortly. Stay tuned for more information.