ED attaches ₹944-crore assets in Piyush Colonisers case
The Hindu·1h ago·Fear
What Happened
The Enforcement Directorate provisionally attached ₹944 crore in assets belonging to Piyush Colonisers Limited and associated entities in Haryana. The action follows alleged cheating affecting over 1,500 homebuyers across Palwal, Faridabad, Rewari, and Bhiwadi projects. The agency filed prosecution charges against former promoter Amit Goel and others. Investigators found funds were diverted to subsidiary companies and land transferred to family members without completing promised projects. The company entered insolvency proceedings in 2019.
Key Entities
Enforcement DirectoratePiyush Colonisers LimitedAmit GoelFaridabadPalwalRewariBhiwadiPrevention of Money Laundering Act