Latest news with #AnsalAPI
Time of India
18-05-2025
- Time of India
Seven more FIRs against Ansal API in land scam case
LUCKNOW : Seven more FIRs have been filed against Ansal API at Sushant Golf City Police Station in the alleged land scam case. With this over 75 cases have been lodged against the firm so far. In the fresh cases, it has been alleged that the company defrauded victims of more than Rs 1.06 crore in the name of plots and flats. According to complainant Ritu Singh, of Hindnagar on Kanpur Road, she booked a plot by paying Rs 62 lakh in 2010 but has not received the plot yet. Vibha of BBD's Manas Garden Colony booked a 162 sqm plot in 2011 and paid Rs 8.92 lakh in several instalments but didn't get possession of the plot. Hemant Dayal of Chandernagar in Alambagh booked two flats in the Paradise Diamond Project in his and his aunt Geeta's name by paying Rs 12.28 lakh in 2010. So far, they haven't received any flat. Another buyer, Chandra Prakash Singh of Govindpur in Prayagraj, booked a flat in 2010 and paid Rs 5.84 lakh. Laldhari Singh, Haresh Pratap Singh and Jagpal Singh of Prayagraj also booked flats and deposited Rs 5.84 lakh. But no one received the flats.
Time of India
17-05-2025
- Time of India
Seven more FIRs against Ansal API in land scam case
Lucknow: Seven more FIRs have been filed against Ansal API at Sushant Golf City Police Station in the alleged land scam case. With this over 75 cases have been lodged against the firm so far. In the fresh cases, it has been alleged that the company defrauded victims of more than Rs 1.06 crore in the name of plots and flats. According to complainant Ritu Singh, of Hindnagar on Kanpur Road, she booked a plot by paying Rs 62 lakh in 2010 but has not received the plot yet. Vibha of BBD's Manas Garden Colony booked a 162 sqm plot in 2011 and paid Rs 8.92 lakh in several instalments but didn't get possession of the plot. Hemant Dayal of Chandernagar in Alambagh booked two flats in the Paradise Diamond Project in his and his aunt Geeta's name by paying Rs 12.28 lakh in 2010. So far, they haven't received any flat. Another buyer, Chandra Prakash Singh of Govindpur in Prayagraj, booked a flat in 2010 and paid Rs 5.84 lakh. Laldhari Singh, Haresh Pratap Singh and Jagpal Singh of Prayagraj also booked flats and deposited Rs 5.84 lakh. But no one received the flats.
Mint
04-05-2025
- Business
- Mint
ED seizes Ansal API's documents and devices, including properties worth ₹218 crore, for alleged money laundering: Report
The Enforcement Directorate last week seized documents and devices, including properties worth ₹ 217.80 crore, in operations against Ansal API, for alleged money laundering, the Hindustan Times reported on May 3. The ED's Lucknow zonal unit, has seized several documents and devices during searches at the company's Delhi, Ghaziabad and Lucknow premises under the Prevention of Money Laundering Act (PMLA) 2002, it added. According to an ED official, the probe showed that homebuyers money was 'diverted and misappropriated'. The report said that among documents seized include bank account details of 174 subsidiaries and group companies, and the financial details and project-level financials of the Ansal Group. Among these are a list of 62 immovable properties held by Ansal API's Promoter-Director Pranav Ansal, his family, and related parties, estimated to be ₹ 217.80 crore. This was recovered from a mobile device seized from a searched premise, it added. The ED is investigating Ansal Properties and Infrastructure and senior management for alleged large-scale fraud, criminal breach of trust and cheating of homebuyers, according to a press note from the authority on May 3. This is based on over 100 FIRs registered against them in Delhi, Haryana, Punjab and Uttar Pradesh, which indicated a collective amount of ₹ 135.51 crore in fradulent property sales, the department said. The FIRs allege that Ansal API sold homebuyers properties that were never completed and allegedly diverted the funds. 'Despite multiple summons, the senior management failed to cooperate with the investigation and did not provide the required financial details,' a senior ED official said.
Mint
04-05-2025
- Business
- Mint
ED seizes Ansal API's documents and devices, including properties worth ₹218 crore, for alleged money laundering: Report
The Enforcement Directorate last week seized documents and devices, including properties worth ₹ 217.80 crore, in operations against Ansal API, for alleged money laundering, the Hindustan Times reported on May 3. The Lucknow zonal unit of the Enforcement Directorate (ED) seized several incriminating documents and digital devices during search operations conducted under provisions of the Prevention of Money Laundering Act (PMLA), 2002 in the Ansal Properties and Infrastructure Limited (Ansal API) case, ED officials confirmed on Saturday. The searches were conducted on Wednesday (April 30) on five premises, including residences of Pranav Ansal (promoter- director), Deepak Movar (director) and other senior employees and at corporate offices of Ansal API across Lucknow, Ghaziabad, and New Delhi, the ED officials said. Financial details, project-level financials of the Ansal Group, bank account details of 174 subsidiaries and group companies of Ansal API were seized, the ED officials said, sharing a press note. The officials also said a detailed list of 62 immovable properties worth ₹ 217.80 crore held in the name of Pranav Ansal, his family members, and associated entities, was recovered from a mobile device seized from a searched premise. The PMLA investigation was initiated against Ansal API and its senior management based on more than 100 FIRs registered across Uttar Pradesh, Delhi, Haryana, and Punjab, alleging large-scale fraud, criminal breach of trust and cheating of homebuyers, the officials said. They added that the FIRs collectively indicate a fraud involving over ₹ 135.51 crore, wherein investors and homebuyers were lured into projects that were either never completed or never handed over, and the collected funds were allegedly siphoned off. 'During investigation it was revealed that a significant portion of the buyers' money was diverted and misappropriated. Despite multiple summons, the senior management failed to cooperate with the investigation and did not provide the required financial details,' a senior ED official said. First Published: 4 May 2025, 06:49 AM IST
Hindustan Times
03-05-2025
- Business
- Hindustan Times
ED seizes bank account details of 174 subsidiaries, group companies of Ansal API
The Lucknow zonal unit of the Enforcement Directorate (ED) seized several incriminating documents and digital devices during search operations conducted under provisions of the Prevention of Money Laundering Act (PMLA), 2002 in the Ansal Properties and Infrastructure Limited (Ansal API) case, ED officials confirmed on Saturday. The searches were conducted on Wednesday (April 30) on five premises, including residences of Pranav Ansal (promoter- director), Deepak Movar (director) and other senior employees and at corporate offices of Ansal API across Lucknow, Ghaziabad, and New Delhi, the ED officials said. Financial details, project-level financials of the Ansal Group, bank account details of 174 subsidiaries and group companies of Ansal API were seized, the ED officials said, sharing a press note. The officials also said a detailed list of 62 immovable properties worth ₹217.80 crore held in the name of Pranav Ansal, his family members, and associated entities, was recovered from a mobile device seized from a searched premise. The PMLA investigation was initiated against Ansal API and its senior management based on more than 100 FIRs registered across Uttar Pradesh, Delhi, Haryana, and Punjab, alleging large-scale fraud, criminal breach of trust and cheating of homebuyers, the officials said. They added that the FIRs collectively indicate a fraud involving over ₹135.51 crore, wherein investors and homebuyers were lured into projects that were either never completed or never handed over, and the collected funds were allegedly siphoned off. 'During investigation it was revealed that a significant portion of the buyers' money was diverted and misappropriated. Despite multiple summons, the senior management failed to cooperate with the investigation and did not provide the required financial details,' a senior ED official said.
