ED attaches Rs 140 crore assets of Earth Infrastructure Ltd, its promoters in Rs 2,004 crore money laundering case
The Enforcement Directorate has attached assets worth Rs 140 crore belonging to Earth Infrastructure Ltd in a massive Rs 2,004 crore money laundering probe.
In a major crackdown on financial fraud, the Enforcement Directorate (ED) has attached assets worth Rs 140 crore linked to Earth Infrastructure Ltd and its promoters. This action is part of a massive investigation into a money laundering scheme involving approximately Rs 2,004 crore.
Massive Fraud Targeting Homebuyers
The investigation centers on allegations that the Earth Group defrauded more than 19,425 homebuyers and investors. The group reportedly collected a staggering Rs 2,004 crore by promising the timely delivery of residential and commercial units, along with assured financial returns. However, instead of completing these projects, the funds were allegedly diverted and siphoned off through a complex web of group entities and related individuals.
The ED's Delhi Zonal Office-II confirmed that the attached immovable assets belong to Earth Infrastructure Ltd, its subsidiaries, its promoters, and their family members. Key individuals named in the probe include:
- Avdhesh Kumar Goel
- Rajnish Mittal
- Atul Gupta
- Vikas Gupta
The Trail of Diverted Funds
According to the agency, the investigation revealed that a significant portion of the "proceeds of crime" was used to acquire various movable and immovable assets in the names of entities and individuals connected to the group's directors. While investors poured money into these real estate projects, many units were either left unfinished or were never handed over to the rightful owners, causing massive wrongful losses.
The probe was triggered by five FIRs registered by the Economic Offences Wing (EOW) of the Delhi Police. Additionally, the Serious Fraud Investigation Office (SFIO) has filed a criminal complaint under the Companies Act against the promoters and directors of the Earth Group.
Previous Seizures and Arrests
This latest attachment follows earlier intensive operations conducted by the ED. In April 2026, searches at premises linked to the Earth Group across the Delhi-NCR region led to the seizure of:
- Cash amounting to Rs 6.30 crore
- Jewellery valued at Rs 8.78 crore
- Property documents for over 100 immovable properties, estimated to be worth more than Rs 100 crore
The agency has identified the central roles played by Avdhesh Kumar Goel, Rajneesh Mittal, Atul Gupta, and Vikas Gupta in orchestrating these transactions. These individuals were arrested on June 1 under the Prevention of Money Laundering Act (PMLA).
On July 29, a prosecution complaint was filed seeking the conviction of the accused and the confiscation of properties valued at over Rs 212 crore. With this latest move, the total attachments and seizures in this ongoing case have now reached Rs 352 crore.