ED conducts searches at 19 premises of GBP Group

An ED official said that various incriminating documents, unaccounted cash of Rs 85 lakh and an Audi Q7 car were seized during the search operation.

ED conducts searches at 19 premises of Gupta builders and promoters Group

Office of Gupta Builders and Promoters (File)

The Enforcement Directorate (ED) on Tuesday conducted searches on the premises of M/s Gupta Builders and Promoters (GBP) Pvt. Ltd and others at 19 locations within Chandigarh, Ambala, Panchkula, Mohali as well as Delhi.

An ED official said that various incriminating documents, unaccounted cash of Rs 85 lakh and an Audi Q7 car were seized during the search operation.

The promoters of the GBP Group have been booked in at least nine cases for cheating hundreds of investors on the pretext of providing them flats and houses in several housing projects in the Tricity. The promoters of the GBP Group are believed to be in another country.

Story continues below this ad

The cases were registered against them in Chandigarh and Mohali. The booked people have been identified as Satish Gupta, Raman Gupta and Pardeep Gupta. Sources said that the commercial office of GBP Pvt Ltd is situated in Sector 34. The office has been locked for the last year and a half.

🚨 Limited Time Offer | Express Premium with ad-lite for just Rs 2/ day 👉🏽 Click here to subscribe 🚨

Meanwhile, the Income Tax department has also issued several notices to the promoters of GBP Pvt Ltd for not submitting many crucial information to the department.

Stay updated with the latest - Click here to follow us on Instagram

Top Stories

Sports Ahmedabad to host 2030 Commonwealth Games: What it means for 2036 Olympics bid

Entertainment Pankaj Dheer, Mahabharat’s Karna, passes away at 68; son Nikitin Dheer says ‘very hard to move on’

Infosys office boy Dadasaheb Bhagat builds India's Canva

Sports Ahmedabad to host 2030 Commonwealth Games: What this means for 2036 Olympics bid

Opinion Taliban leader in India: It's complicity, not diplomacy

Sources in the LJP (RV) said the names of the remaining 15 candidates would also be announced very soon.

Bihar polls: Chirag Paswan’s LJP (Ram Vilas) announces first list of 14 candidates

India1 hr ago

Lok Janshakti Party (Ram Vilas) announced its first list of 14 candidates for the Bihar assembly polls, with its state unit chief Raju Tiwary and leader Hulas Pandey among the nominees. As per the seat-sharing arrangement, LJP (RV) will contest 29 seats, while BJP and JD(U) will contest 101 seats each. The remaining 15 candidates will be announced soon.

View all shorts

Live Blog

Loading Taboola...