The Enforcement Directorate (ED) has arrested one accused, Ms Shaifali Walia, in a cheating case involving Rs 31.15 crore. Ms Shaifali Walia was arrested under the Prevention of Money Laundering Act (PMLA), 2002.
The ED initiated an investigation into the case on the basis of an FIR registered by the Rajpur Police Station, Dehradun, against M/s Pushpanjali Realms and Infratech Limited, its directors, and others for cheating and duping innocent flat buyers.
The investigation revealed that the directors of the company diverted the advance booking amount received from the flat buyers to purchase properties in their own names and in the names of their family members.
The ED has attached immovable properties worth Rs 31.15 crore, which is the total proceeds of crime in this case. The attachment has been confirmed by the Adjudicating Authority.
Ms Shaifali Walia was produced before the Hon’ble Special Court, Dehradun, which has granted her judicial custody till 27/9/2023. Further investigation is underway.
The ED’s arrest of Ms Shaifali Walia is a significant step in the fight against money laundering and financial fraud. It shows that the ED is committed to bringing those responsible for such crimes to justice.
