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Gurugram Court Declares Two SRS Promoters Fugitive Economic Offenders

The designation under the 2018 law enables the Enforcement Directorate to seek confiscation of assets tied to the alleged ₹2,200 crore fraud.

Overview

  • Special Judge Vani Gopal Sharma issued the January 15 order declaring Sunil Jindal and Jitender Kumar Garg fugitive economic offenders after they failed to appear despite summons.
  • The Enforcement Directorate says it has provisionally attached SRS assets worth ₹2,215.98 crore and will move to confiscate property identified as proceeds of crime.
  • Investigators allege the SRS Group cheated investors and banks of about ₹2,200 crore by routing funds through hundreds of shell companies.
  • ED officials say Jindal is in Dubai and Garg in Georgia, with Interpol Red Notices issued for both at the agency’s request.
  • The case stems from 81 FIRs filed by Haryana and Delhi Police and the CBI; charges were framed in November 2025 and another director, Praveen Kumar Kapoor, was deported from the US and arrested.