Overview

• The ED has provisionally attached 707 acres of land in Aamby Valley City, Lonavala, valued at ₹1,460 crore, purchased using funds allegedly diverted from Sahara Group entities.
• ₹2.98 crore in unexplained cash was seized during searches conducted under Section 17 of the Prevention of Money Laundering Act (PMLA).
• The probe revealed Sahara Group operated a Ponzi scheme through multiple cooperative societies, luring depositors with promises of high returns while diverting funds for benami assets and personal expenses.
• Over 500 FIRs have been registered against Sahara Group entities, with more than 300 cases involving serious offences under the PMLA.
• The ED's investigation, ongoing since 2010, has involved recording statements from depositors, agents, and employees, uncovering extensive financial manipulation and fund diversion.