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The Enforcement Directorate (ED) has arrested the promoters of Earth Infrastructures Limited successful an alleged location purchaser fraud case. They person been identified as Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta, and Vikas Gupta. The bureau produced them earlier a peculiar tribunal successful Delhi and secured their custody for 5 days.
The ED’s probe is based connected 5 cases registered by the Economic Offences Wing of the Delhi Police against Earth Infrastructures Ltd., its directors, and related entities. Later, the Serious Fraud Investigation Office besides filed a transgression complaint.
As alleged, the radical collected about ₹2,004 crore from much than 19,425 location buyers and investors by promising timely transportation of residential/commercial units of existent estate, and assured returns. However, astir ₹467 crore was allegedly diverted and siphoned disconnected done assorted radical entities, and related concerns and persons.
“Despite receipt of important funds from the buyers/investors, the projects were either near incomplete oregon possession of units was not handed over, thereby causing wrongful nonaccomplishment to the location buyers and investors,” it alleged.
The proceeds of the alleged transgression were utilized for acquiring assets successful the names of assorted entities and individuals connected with the promoters/directors of the group.
Earlier, the ED had conducted searches successful April 2026 astatine assorted locations linked to the Earth Group situated successful and astir Delhi. It seized ₹6.30 crore successful cash, jewellery worthy astir ₹8.78 crore, and documents related to implicit 100 immovable properties with an estimated worth exceeding ₹100 crore.
