Overview

• The Enforcement Directorate said it searched six locations in Delhi and Himachal Pradesh on September 19–20 linked to chairman Manavinder Singh, his wife Sagri Singh, and related Imperial Group entities under a FEMA case.
• Seized records point to undeclared financial interests and bank accounts worth over Rs 80 crore across Singapore, Dubai, the British Virgin Islands and Thailand, including stakes in Aerostar Venture Pte Ltd and United Aerospace DWC LLC.
• ED alleges the Dubai company bought a Robinson 66 helicopter for about Rs 7 crore in May 2025 via an unsecured loan from an unnamed Hong Kong entity, with lease payments from India flowing back to the Dubai entity that held about Rs 38 crore as of March 31, 2025.
• Parallel books recovered from the Auramah Valley project indicate Rs 29 crore in cash receipts from buyers, which ED says were routed abroad through hawala and similar channels and then cycled back through foreign companies.
• Officials seized roughly Rs 50 lakh in Indian currency, USD 14,700 in foreign cash, and froze three lockers, with the investigation continuing and no arrests announced.