ED raided more than a dozen locations related to Lotus 300 housing project, during the raid ED recovered 1 crore rupees cash, diamond jewellery worth 12 crore rupees…

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The Enforcement Directorate has taken action against the Lotus 300 housing project. In fact, ED raided dozens of places across the country today. These raids were conducted in Delhi, Meerut, Noida and Chandigarh. In this case, ED also raided the Chandigarh residence of retired IAS officer and former CEO of Noida Authority Mohinder Singh. In the raid, about Rs 1 crore cash, diamond jewellery worth Rs 12 crore, gold jewellery worth Rs 7 crore and many documents related to the case have been recovered. Let us tell you that ED has taken action in the Rs 300 crore scam case. In this connection, raids were also conducted at the places of Aditya Gupta and Ashish Gupta, owners of Sharda Exports, which is associated with the carpet businessman, in Meerut, from where diamonds worth Rs 5 crore were recovered. Let us tell you that ED has registered a case under money laundering in this matter.

What is the Lotus 300 Housing Project Scam

Let us tell you that the Lotus 300 project was a scam of Rs 300 crore. In this case, ED is investigating under money laundering. In fact, Hosinda Project Private Limited was given land in Sector 107 of Noida to develop the Lotus 300 project. In this case, the High Court had also reprimanded the Noida Development Authority for gross negligence. Actually, this whole matter is of the year 2018. During this time, the Economic Offenses Wing of Delhi Police arrested three directors of real estate company 3C, Nirmal Singh, Surpreet Singh and Vidur Bhardwaj in the case of Lotus 300 project in Sector 107 of Noida.

Home buyers had complained

According to the officials of the Economic Offenses Wing of Delhi Police, on March 24 in the year 2018, the people who bought the house had registered a case of fraud. After this, investigation of this matter was started. According to the police, Rs 636 crore was taken from the home buyers for this project, out of which an amount of about Rs 191 crore was transferred to a subsidiary of 3C Company, which had nothing to do with the Lotus 300 housing project. After this, when the matter was investigated, the scam came to light.