ED: Case of 72 crores HSVP, property of fake companies and used for expenses, departmental mail was used

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ED: Case of 72 crores HSVP, property of fake companies and used for expenses, departmental mail was used

Chandigarh. Revelations continue to be made that Rs 72 crores were deposited in fake accounts of the Haryana Urban Development Authority (HSVP). During the investigation, it was found that the money used in the fraud was used by fake companies to purchase real estate and also for other expenses. According to the information, money was donated to shell companies such as Unicity Construction and they invested. ED (Enforcement Directorate) has seized cash and property documents worth Rs 19 lakh during searches and investigations in Punjab, Haryana and Himachal Pradesh in a money laundering case.

115 bank accounts searched, department mail used

The investigation into 115 bank accounts worth millions of dollars is underway. During ED’s investigation, key information was found along with the bank details that information was sent to the bank through the official mail of Haryana Urban Development Authority around 50 times with a request to make payments in various bank accounts. This official post was managed by the then DDO Sunil Bansal. ED has traced the bank accounts into whose accounts the payments were made to about one and a half dozen such persons. Some of them work as construction workers, others are poor. On Tuesday, ED officials also raided the houses of some builders in Suncity Apartment. ED officials also searched the builder’s house at Suncity Apartment on Tuesday.

This is how the matter came to light

HSVP received information that money was transferred from their account to some people’s accounts. After receiving the information, the then Chief Administrator Ajit Balaji Joshi conducted an internal investigation. The internal investigation collected information about the authority’s bank accounts. Specifically, it was found that payments amounting to around Rs 72 crore were made in the accounts of around one and a half dozen people, but their documents are not available with the authority.

Internal vigilance research was also carried out

The agency’s internal vigilance department also investigated, but couldn’t find out much. After this, the then Chief Administrator Ajit Balaji Joshi informed this to Chief Minister Manohar Lal. The chief minister gave instructions to register an FIR. A complaint was then lodged with the Panchkula police. At the same time, information was also sent to the State Vigilance Bureau and the ED.

Raids at 20 locations in PMLA

ED has said that under the provisions of Prevention of Money Laundering Act (PMLA), raids were conducted at a total of 20 locations in Chandigarh and Panchkula, Zirakpur in Mohali in Punjab and Baddi and Solan in Himachal Pradesh. The investigation revealed that between 2015 and 2019, various individuals, companies and companies fraudulently claimed government funds by misusing the HSVP bank account. This resulted in a financial loss of about Rs 72 billion to the state exchequer. The ED is still busy taking action and continuing investigation into the entire matter, which is why the people involved in this scam are losing sleep.

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