ED seizes assets worth Rs 42 crore linked to ex-IAS officer, others in fraud case

The Enforcement Directorate (ED) has seized assets worth Rs 42.56 crore in connection with a money laundering case involving Hacienda Projects Private Limited, officials said on Wednesday.
The ED conducted searches at 18 locations across Delhi, Noida, Meerut, Chandigarh, and Goa, including the residence of retired IAS officer Mohinder Singh, who also served as CEO of the Noida Authority.
The searches were a part of an investigation into alleged fraud by Hacienda Projects Private Limited, its promoters and directors and related entities. The fraud, to the tune of Rs 426 crore, was against home buyers of the Lotus 300 Projects in Noida, the Enforcement Directorate said in a statement.
Seized assets include Rs 85 lakh in cash, gold and diamond jewellery worth Rs 29.35 crore, a solitaire diamond valued at Rs 5.26 crore, other diamond jewellery worth Rs 7.1 crore, and numerous property documents.
The investigation was launched following directives from the Allahabad High Court and multiple FIRs registered by the Economic Offences Wing (EOW) in New Delhi.
“The searches were carried out at the office and residential premises of Hacienda Projects Private Limited, Cloud 9 Projects Pvt. Ltd., Surpreet Singh Suri, Vidur Bhardwaj, Nirmal Singh, Aditya Gupta, Ashish Gupta, and Mohinder Singh, among others,” an ED official said.
The ED has gathered evidence of money laundering and fund siphoning, officials said.