New Delhi

The Enforcement Directorate has filed a Prosecution Complaint (PC) against 19 accused persons, including the Chairman of the SRS group Anil Jindal in a money laundering case linked to the alleged cheating of homebuyers and investors.

The complaint against the accused which apart from Jindal include Directors of the company had been filed before a special PMLA court in Gurugram and the court took cognizance on October 31, 2022.

The ED initiated a money laundering investigation on the basis of 81 FIRs registered at various Police Stations across Faridabad and Delhi against the accused.

"The accused duped the innocent buyers by promising them to deliver flats/plots/commercial spaces etc.; however, they failed to deliver the projects. Further, the real estate projects were mortgaged to avail loans from Banks and other financial institutions," the agency said in a statement.

However, the ED said that the loans were not used for the intended purposes and were defaulted, eventually turning into non-performing assets (NPA).

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Accused persons of SRS Group also lured investors to invest in SRS Group Ponzi schemes with unsustainable returns in the form of very high interest or jewellery on their investments.