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In a major development, the Enforcement Directorate (ED) has taken significant action in a money laundering probe, provisionally attaching 58 immovable properties worth Rs. 27.49 Crore. These assets, registered in the names of Sudhir Kumar Goyal, his wife Smt. Rakhi Goyal associates Jay Prakash and Alok Kumar, and their partnership firm M/s Sri Sidhivinayak Properties, have been seized under the provisions of the Prevention of Money Laundering Act, 2002.
The ED’s investigation stems from various FIRs filed by the U.P. Police against Sudhir Kumar Goyal and his gang members under multiple sections of the IPC, 1860, related to cheating, forgery, and fraud. The individuals have been arrested under the UP Gangster Act and are presently incarcerated in Bulandshahr Jail.
The probe revealed that Sudhir Kumar Goyal orchestrated more than 10 illegal colonies, where plots were sold at inflated prices without proper land use change or essential infrastructure. Collaborating with businessmen and gang members, Goyal employed deceptive tactics such as selling the same plot to multiple buyers, peddling nonexistent plots to investors, and forging documents to sell agricultural land as residential.
ED’s searches on 12 premises linked to Sudhir Goyal and his associates on January 9, 2024, yielded documentary and electronic evidence exposing large-scale organized cheating and fraud. Documents indicate that Goyal intentionally undervalued transactions, generating significant illicit proceeds invested in another illegal colony.
The provisional attachment of assets underscores ED’s commitment to unraveling complex financial crimes and dismantling networks engaged in fraudulent activities. The agency’s efforts aim to bring to justice those responsible for orchestrating widespread deceit, ensuring accountability for financial malpractices and money laundering activities.
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