Federal financial investigators have intensified their scrutiny into alleged administrative and fiscal irregularities within the Greater Mohali Area Development Authority. Search teams from the Enforcement Directorate deployed across 26 distinct premises spanning Delhi, Chandigarh, Mohali, Panchkula, and Ludhiana to gather physical and digital documentation. The expansive crackdown concentrates on questionable land allotment procedures, commercial parcel auctions, and substantial financial concessions extended to favored private developers.
Top Bureaucratic Offices and Consultancy Network Searched
Operating under Section 16 of the Prevention of Money Laundering Act, the agency examined records at the primary GMADA establishment alongside the administrative workspace linked to Vikas Garg, an IAS officer functioning as Principal Secretary in the Housing and Urban Development Department of Punjab. Officials sought transactional records explaining the procedural approvals granted to commercial builders. Simultaneously, investigators covered the operational base of Teela Consultants and Contractors Private Limited, an entity contracted for various technical advisory tasks by GMADA that investigators suspect served as a coordinating conduit in negotiating administrative clearances.
Commercial Real Estate Groups Under the Lens
The enforcement drive centers on the commercial dealings of Tirupati Infraprojects Private Limited along with its managerial associates and governing directors. Multiple connected corporate structures were subjected to inspections, including Remigate Buildestates (India) Private Limited, MB Infrabuild Private Limited, Mera Baba Reality Associates Private Limited, and Mera Baba Infrastructure Private Limited. Notably, Tirupati Infraprojects already faces legal actions initiated by both the CBI and ED regarding a separate bank fraud valued at 290 crore rupees connected to a Radisson Blu hotel establishment located in Paschim Vihar, New Delhi.
Exchequer Loss Pegged Above 100 Crore Rupees
Inquiries conducted under anti-money laundering provisions reveal that the beneficial owners of Tirupati Infraprojects maintained strategic control over Remigate Buildestates and MB Infrabuild. These entities successfully bid for two prime auction plots in Mohali and subsequently managed to secure substantial administrative waivers on their statutory dues. The concessions primarily involved deferred liabilities, waivers on external development charges, and relief from accumulated interest penalties. Agency assessments indicate that these undue financial accommodations inflicted an estimated loss exceeding 100 crore rupees upon public funds.
