ED attaches ₹140 crore in assets from Earth Infrastructure promoters

This is a press release from the Directorate of Enforcement (ED) announcing the provisional attachment of immovable assets worth approximately Rs. 140 Crore belonging to Earth Infrastructure Ltd and its promoters under the Prevention of Money Laundering Act (PMLA), 2002. It matters to citizens as it details an ongoing investigation into a large-scale fraud involving the misappropriation of funds from over 19,425 homebuyers and investors.

Who it concerns: The document concerns M/s. Earth Infrastructure Ltd, its subsidiaries, its promoters (Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta, and Vikas Gupta), their family members, related entities, and the affected homebuyers and investors.

What the ED says it did

• ED provisionally attached immovable assets worth approximately Rs. 140 Crore under PMLA, 2002.
• The investigation is based on five FIRs registered by the Economic Offences Wing (EOW), Delhi Police, and a criminal complaint filed by the Serious Fraud Investigation Office (SFIO) under Section 447 of the Companies Act.
• The group collected approximately Rs. 2,004 Crore from more than 19,425 homebuyers and investors, but projects were left incomplete or possession was not handed over.
• Funds were diverted through various group entities and used to acquire movable and immovable assets in the names of connected entities and individuals.
• In April 2026, ED conducted searches resulting in the seizure of Rs. 6.30 Crore in cash, Rs. 8.78 Crore in jewellery, and property documents for over 100 properties valued at more than Rs. 100 Crore.
• The four promoters were arrested on 01/06/2026 under Section 19 of PMLA, 2002.
• A prosecution complaint was filed on 29.07.2026 seeking conviction and confiscation of properties worth more than Rs. 212 Crore.
• Total attachments in the case, including seizures under Section 17 of PMLA, amount to Rs. 352 Crore.

Also in the document

• The ED states that the investigation established the central role of the four named promoters in planning and executing fund diversion through a complex web of transactions.
• The document notes that the attachment is part of an ongoing money laundering investigation related to large-scale fraud and misappropriation of public funds.