GBP group's 87 crore property attached by ED in Kharar

The Enforcement Directorate, Chandigarh, has provisionally attached immovable properties worth Rs 87.64 crore. These properties, in the form of incomplete flats, shops, and villas, are located at GBP Camellia in Aujla village, Kharar.

The action was taken under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA). The properties belong to Gupta Builders and Promoters Pvt. Ltd. (M/s. GBPPL).

This action follows the ED's seizure of properties worth Rs 205 crore belonging to the GBP Group in Zirakpur on November 8 of last year. The seized properties included Athens-1 and Athens-2, which belonged to the absconding directors Satish Kumar, Pardeep Kumar, Raman Gupta, and Vinod Gupta of the Gupta Builders and Promoters (GBP) Group.

The ED is currently investigating money laundering charges against the real estate firm.