ED asks former Noida CEO, other ex-officials to join probe in Amprapali money-laundering case | India News

NEW DELHI: The Enforcement Directorate has asked former chairman and CEO of Noida authority Mohinder Singh and six other high-ranking ex-officials of Noida and Greater Noida Authority to join investigations at the agency’s Lucknow office in connection with the Amrapali money-laundering case.
The real estate group is being probed for alleged bribery of government officials and laundering of homebuyers’ money to the tune of Rs 3,000 crore. The ED investigations are being monitored by the Supreme Court.
Besides former IAS officer Mohinder Singh, the agency has summoned Manoj Rai and Yashpal Tyagi, both former OSD of Noida Authority. The agency has also summoned three GM-level officers of the Greater Noida Authority and one AGM-rank officer of Noida Authority. Statements of some of them have already been recorded by the agency’s investigating officer.
In their statements, the officials have allegedly claimed that Singh helped Amrapali promoters to acquire land despite the group having defaulted in clearing dues to the tune of Rs 4,000 crore. The ED’s Lucknow Zone chief, Rajeswar Singh, refused to divulge details of the probe findings, saying the matter is being monitored by the SC.
The agency was asked by the apex court in 2019 to initiate a money laundering probe against the Amrapali Group and its directors for alleged diversion of homebuyers’ money to the tune of Rs 3,000 crore to shell companies. The SC’s observations were based on a forensic audit conducted earlier.
According to sources, the then CEO and senior officials of Noida and Greater Noida Authority are being examined for their role in alleged illegal allotment of land to the Amrapali group. These officials had failed to cancel the lease even after directors of Amrapali Group mortgaged the land to different banks despite Rs 4,000 crore pending to the two authorities.
Some officials, who worked under Mohinder Singh, have claimed in their statements that they were instructed by Singh to help the Amrapali Group by not putting up its file for recovery of the dues. The ED’s money trail has found benami companies, some of which are being allegedly controlled by the ex-IAS officer’s son, to launder the ‘proceeds of crime’.
The ED is also probing JP Morgan in another case registered under FEMA (Foreign Exchange Management Act) involving alleged ‘illegal’ transactions of over Rs 800 crore. Two leading Indian banks have been made parties in the FEMA violation case for “unauthorised repatriation” of money to the tune of over Rs 187 crore. Earlier this year, the ED had summoned top management of the two leading banks for questioning in this connection.

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