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Gurugram Court Declares Two SRS Promoters Fugitive Economic Offenders, Paving Way for Asset Confiscation

The agency pegs the alleged fraud at about ₹2,200 crore.

Overview

  • The special PMLA court issued the FEO order on January 15 against Jitender Kumar Garg and Sunil Jindal after they repeatedly failed to appear.
  • The Enforcement Directorate has initiated proceedings to confiscate their properties under the Fugitive Economic Offenders Act.
  • Investigators say Garg is in Georgia and Jindal is in Dubai, with Interpol Red Notices active against them.
  • The ED has provisionally attached assets worth ₹2,215.98 crore and filed a prosecution complaint in August 2022, with charges framed in November 2025 against other accused and group entities.
  • Another director, Praveen Kumar Kapoor, was deported from the United States in November 2025 on a Red Notice and was later arrested, as the case stems from 81 FIRs filed by Haryana Police, Delhi Police EOW and the CBI.