The Enforcement Directorate’s Lucknow zonal office has provisionally attached immovable properties worth nearly ₹100 crore linked to the Amrapali Group in a money-laundering case involving the alleged diversion of homebuyers’ funds.

The assets attached include office and factory land and buildings belonging to Mauria Udyog, an entity of the Sureka Group, promoted by Navneet Sureka and Akhil Sureka of Amrapali Group, according to a TOI report.

The action comes following multiple FIRs registered at various police stations in Gautam Budh Nagar and by the economic offences wing (EOW) of Delhi Police.

The probe also followed an order dated July 23, 2019, passed by the Supreme Court in Bikram Chatterji & Others vs Union of India & Others, filed by aggrieved homebuyers.

ED said the Amrapali Group promoters allegedly collected huge sums from homebuyers but failed to deliver flats within the  stipulated time. The funds were fraudulently diverted and misappropriated through criminal conspiracy, bogus transactions, forgery and cheating.

The probe revealed that Amrapali directors Anil Kumar Sharma, Shiv Priya and Ajay Kumar, in connivance with Navneet Sureka and Akhil Sureka of Mauria Udyog and Jotindra Steel & Tubes, allegedly diverted homebuyers’ funds through shell entities and bogus suppliers.

According to ED, its probe established that Rs110.39 crore of homebuyers’ money was diverted to Mauria Udyog.