National
26 May, 2026
ED conducts searches in Punjab in real estate 'fraud' case
Business To Business, Chandigarh, 26th May, 2026: Enforcement Directorate on Tuesday carried out searches at multiple locations in Punjab and Chandigarh as part of a money laundering investigation linked to alleged fraud involving the Greater Mohali Area Development Authority (GMADA).
According to officials, the searches targeted premises associated with:
- Chandigarh Royale City Promoters Pvt. Ltd.
- Royale Estate Group
The agency also searched locations connected to several associated individuals, including:
- Praveen Kansal
- Neeraj Kansal
- Daljit Singh
- Anurag Midha
- Liaqat Ali
- Sumit Bansal
The searches were conducted under provisions of the Prevention of Money Laundering Act (PMLA).
The investigation relates to alleged irregularities and suspected financial fraud connected to real estate dealings involving GMADA. Further details regarding the amount involved or findings from the searches were not immediately disclosed.