ED Nabs Alleged Accused Shaifali Walia Under PMLA In a Fraud Case

The Directorate of Enforcement (ED) has apprehended one alleged accused Shaifali Walia under the Prevention of Money Laundering Act (PMLA), 2002.

This arrest comes after a recent ED search operation and the ensuing investigation.

As per reports by ANI, fraud committed by Pushpanjali Realms and Infratech Limited, its directors, and others, is at the heart of this case. 

The investigation by the ED was sparked by a First Information Report (FIR) submitted by the Rajpur Police Station in Dehradun. People who had paid deposits to reserve apartments in the company's construction projects are alleged to have been cheated and defrauded.

The ED's inquiry uncovered a concerning trend in which the company's directors misappropriated the advance booking money received from flat buyers. 

With this cash, they were able to buy homes for themselves and their families. The entire amount of money stolen in this crime is about Rs 31.15 crore.

Notably, all the ill-gotten gains in the form of immovable properties have already been seized and attached as part of the investigation. The adjudicating authority has confirmed this action.

The arrest of Walia underscores the ED's commitment to pursuing money laundering charges in cases of financial fraud and cheating. 

Further investigations are ongoing to delve deeper into the matter.

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