4 months ago
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Two persons person been declared “fugitive economical offenders” successful transportation with the Enforcement Directorate’s (ED) probe against SRS Group, which has been accused of cheating investors and banks to the tune of ₹2,200 crore, according to bureau officials.
The promoter-directors, Jitender Kumar Garg and Sunil Jindal, are present wanted nether the Fugitive Economic Offenders Act, arsenic ordered by a peculiar tribunal successful Gurugram.
On November 2, 2025, Praveen Kumar Kapoor, co-founder and promoter of the realty firm, was deported by the United States authorities to India based connected an Interpol Red Notice issued against him pursuing the ED’s request.
The ED probe is based connected 81 First Information Reports (FIRs) registered by the Central Bureau of Investigation (CBI) and the constabulary successful Delhi and Haryana, alleging that the Group cheated investors and banks.
The funds collected connected the committedness of precocious returns from investments successful assorted residential and commercialized projects were allegedly deposited successful hundreds of ammunition companies created by the Group and subsequently laundered off, arsenic alleged.
The bureau has truthful acold provisionally attached assets worthy astir ₹2,215.98 crore successful the case. The ED had earlier said that Mr. Kapoor, on with Mr. Garg and Mr. Jindal, had been absconding since galore years.
