6 months ago
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Praveen Kumar Kapoor, the co-founder and promoter of realty steadfast SRS Group, has been deported by the United States to India successful a lawsuit that alleges the radical cheated investors and banks to the tune of ₹2,200 crore, the Enforcement Directorate said connected Thursday (November 6, 2025).
According to the agency, based connected an Interpol Red Notice published astatine the behest of the ED, Mr. Kapoor was denied introduction astatine Newark International Airport and his B1/B2 visa was cancelled by the U.S. authorities. He was subsequently deported to Delhi connected November 2, wherever helium was held connected the ground of a ‘lookout circular’ issued by the agency.
The ED is conducting investigations nether the Prevention of Money Laundering Act against the SRS Group with respect to 81 archetypal accusation reports registered astatine assorted constabulary stations crossed Faridabad, Delhi, and with the Central Bureau of Investigation.
“The radical has been accused of cheating investors and banks to the tune of ₹2,200 crore,” said the ED, adding that the accused persons/entities lured investors promising precocious returns connected investments successful residential/commercial projects. Funds from these investments were deposited into hundreds of ammunition companies created by the SRS Group and subsequently laundered. A provisional attachment bid for ₹2,215.98 crore has already been issued successful this case,” it said.
Two others absconding
Mr. Kapoor has been absconding on with 2 different promoter-directors of the SRS Group, Jitender Kumar Garg, and Sunil Jindal, for respective years. He was made an accused successful the prosecution ailment filed by the ED earlier a peculiar tribunal successful Gurugram. The tribunal took cognisance of the prosecution’s complaint, and charges are being framed against the accused.
“The ED secured non-bailable warrants from a peculiar court... helium was subsequently declared a proclaimed offender. Proceedings nether the Fugitive Economic Offenders Act were besides initiated against Mr. Kapoor, Mr. Garg, and Mr. Jindal, declaring them fugitives. Efforts are underway to unafraid the return/extradition of the different absconding promoter-directors,” said an official.
