Overview

• The June 28 action under the Prevention of Money Laundering Act provisionally attached 35 acres of residential and commercial land plus ₹97 lakh in fixed deposits.
• This installment of ₹557.43 crore follows earlier asset seizures of ₹81.07 crore in February 2024 and March 2025, lifting total attachments past ₹638 crore.
• ED alleges Mahira entities used forged bank guarantees and inflated invoices to divert ₹616 crore collected from about 3,700 homebuyers.
• Promoter Sikandar Singh and former MLA Dharam Singh Chhoker are in custody while co-accused Vikas Chhoker remains at large with a court proclamation issued against him.
• A prosecution complaint has been filed in the Special Court, Gurugram, and the ED investigation into the real estate fraud is ongoing.