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The Enforcement Directorate (ED) has provisionally attached assets worth INR 110.05 crore, having a market value of over INR 300 crore, in a money-laundering case involving Rohtas Project Limited and its promoters. The action stems from 83 FIRs filed by the Uttar Pradesh Police after home-buyers complained that two township projects on Sultanpur Road and Raebareli Road were not developed as promised, nor were refunds provided. The agency found that funds collected from buyers were diverted for land purchases through associate firms and proxy owners.
The Enforcement Directorate has attached immovable assets valued at INR 110.05 crore belonging to entities linked with Rohtas Project Limited under the Prevention of Money Laundering Act (PMLA). The attached properties, located in Lucknow, are estimated to have a market value exceeding INR 300 crore. These assets are registered under the names of Amalya Constructions LLP and Amyra Infrastructure LLP, both associate entities of the Rohtas Group and controlled by the LJK Group. Advertisement
The investigation began after the Uttar Pradesh Police registered 83 FIRs against Rohtas Project Limited and its promoters. The company had launched two township projects Rohtas Plumeria on Sultanpur Road and Rohtas Plumeria on Raebareli Road in Lucknow, offering possession of plots or flats within 30 months. Home-buyers were also promised a 150 percent return if the projects failed to materialize within the committed timeframe.
According to the ED, the company did not complete the development of either project, nor did it refund the booking amounts to the buyers. Investigations revealed that instead of using the collected funds for project construction, the promoters diverted large portions toward purchasing over 100 bighas of land through associate companies and benami owners.
The ED has stated that the funds raised from the public were laundered by transferring them into different accounts of related entities to conceal the source and ownership of the money. The attached assets, the agency added, represent the proceeds of crime generated from the fraudulent real-estate operations.
This is not the first time real-estate developers in Lucknow have come under scrutiny for similar offences. Over the past few years, several builders have faced investigations by the ED and state authorities for diverting funds collected from home-buyers to unrelated businesses or land purchases. The present attachment adds to a growing list of enforcement actions aimed at holding promoters accountable under PMLA provisions.
The attached properties will remain under ED custody pending further adjudication. Once confirmed, these assets may later be auctioned to recover dues or compensate affected buyers, depending on the outcome of the judicial process.
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