ED Seizes Rs 834 Cr In Assets Linked To Bhupinder Singh Hooda, EMAAR-MGF Ahead Of Haryana Polls

The Enforcement Directorate (ED) has seized assets worth ₹834 crore under the Prevention of Money Laundering Act (PMLA) in a case involving former Haryana Chief Minister Bhupinder Singh Hooda and EMAAR-MGF. According to ABP News, the seized properties are situated in 20 villages near Delhi and Gurugram. The case alleges that EMAAR-MGF, in collusion with Hooda and DTCP Director Trilok Chand Gupta, acquired land below market value, resulting in significant financial losses to the public and the government. It is claimed that Hooda pressured farmers to sell their land to developers by threatening acquisition. The ED's action, which comes ahead of the Haryana assembly elections scheduled for October 1, involves the provisional attachment of 401.65 acres of land. This includes assets valued at ₹501.13 crore for M/s EMAAR India Ltd. and ₹332.69 crore for M/s MGF Developments Ltd. The properties are located in 20 villages within the Gurugram District, Haryana, and Delhi. The ongoing investigation is examining money laundering allegations related to a plotted development in Sectors 65 and 66 of Gurgaon, involving both companies.