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The Enforcement Directorate has arrested a existent property businessman successful a wealth laundering probe linked to the submission of alleged fake consent letters for obtaining Change of Land Use (CLU) from the Punjab government, officials said connected Saturday (May 23, 2026).
They said the accused, Ajay Sehgal, besides Secretary of Indian Cooperative House Building Society (ICHBS), was taken into custody connected Friday (May 22) by the Jalandhar bureau of the cardinal bureau nether the Prevention of Money Laundering Act (PMLA).
The Enforcement Directorate (ED) had raided Mr. Sehgal, premises linked to the Suntec City task (developed by ICHBS) and immoderate others earlier this month.
The wealth laundering lawsuit stems from an FIR registered by Punjab Police based connected a ailment received from farmers whose consent was "forged" to get the CLU.
According to the ED, Mr. Sehgal is alleged to person prepared "fake" consent letters with respect to 30.5 acres of onshore owned by 15 people.
"On the ground of these fake consent letters, the accused entity/person(s) were granted CLU for processing a existent property mega task named 'Suntec City'. These consent letters were prepared with forged signatures and thumbprints of the landowners for taking the CLU," the ED said.
Mr. Sehgal is alleged to person besides developed 'La Canela', a residential multi-storey complex, and 'District 7', a commercialized complex, based connected the CLU obtained with the "fake" consent letters.
According to the ED, units successful these projects were being sold adjacent earlier registration with and support from the Real Estate Regulatory Authorities (RERA).
The accused person made income of much than ₹200 crore from these amerciable projects and Sehgal has not transferred plots for economically weaker sections to the Greater Mohali Area Development Authority (GMADA) till date, the ED said.
The officials said the relation of immoderate different elder officials and authorities authorities successful the Department of Town and Country Planning and the GMADA is being investigated and that they were successful the process of making immoderate much arrests successful the case.
