ED raids 10 premises of Tulsiani Constructions and Developers in Uttar Pradesh
Apr 24, 2024
New Delhi [India], April 24 : The Enforcement Directorate on Wednesday conducted raids at 10 premises of Tulsiani Constructions and Developers Private Limited in Uttar Pradesh.
As per the ED, the raids were conducted in compliance with the High Court's order, in furtherance of investigation.
"The search is being conducted at 10 premises of the company and certain group entities where main promoters have been directors or are currently directors," said the ED.
During the search, the agency said, that one company, namely GS Expressway, having a registered office at 301, Sahar Plaza, Lucknow in Uttar Pradesh where Anil Tulsiani and his wife Kavita Tulsiani were directors, has also been covered.
"Anil and Kavita have been directors for a long time and there are transactions between the entities."
Currently, the ED said, Sangram Singh and Siddarth Singh are the directors of this company and are said to be brother and cousin brother of Basti MLA Ajay Singh.
The agency further clarified "There is certain unconfirmed media news in some of the media channels that ED has conducted searches on the premise of Basti MLA Ajay Singh, so this is to clarify that this search is related to Tulsiani builders and developers where the directions were given by the honourable Allahabad High Court, and there is no relationship of any covered entities with Ajay Singh MLA Basti UP."
Tulsiani Constructions and Developers Private Limited is a home buyers and investors cheating and bank fraud case where FIRs have been registered by Uttar Pradesh Police on the written complaint of Punjab National Bank and many investors.
In this case, the main promoter of the group Anil Tulsiani was arrested by Uttar Pradesh Police in November 2022, during the hearing of his bail application in the Allahabad High Court. Allahabad court denied the bail and gave direction to the Enforcement Directorate to investigate the case in March 2023.
Again, in October 2023, during the hearing of Anil Tulsiani's bail application on two occasions, Allahabad High Court asked the Enforcement Directorate Lucknow Zonal office to investigate the case.
