The Directorate of Enforcement (ED) has provisionally attached properties worth Rs 33.65 crore in connection with a money laundering case linked to illegal mining. As per the ED, the properties include residential and industrial plots in Panchkula, a flat in Gurugram, two shops in Mohali and Gurugram, residential and business premises in Dhanbad, and two flats in Kolkata and Ranchi. The assets belong to Gurpreet Singh Sabharwal, proprietor of M/s Tirupati Roadways, along with his wife Ravneet Sabharwal and daughter Tripta Sabharwal.
The action was taken under the Prevention of Money Laundering Act (PMLA), 2002, following an investigation based on an FIR registered by the Anti-Corruption Bureau (formerly State Vigilance Bureau), Panchkula. The case was filed against M/s Tirupati Roadways, its proprietor, and officials of the Mining & Geology Department, Panchkula, for alleged involvement in illegal mining and corruption.
According to the ED, Gurpreet Singh Sabharwal generated illegal income through criminal activities related to illegal mining and routed these funds through multiple bank accounts. The money was deposited in several accounts belonging to him, his family members, and close associates to hide its origin. Sabharwal allegedly used unrelated individuals for banking transactions to launder the proceeds of crime, which were later used to purchase various properties.
The investigation revealed that Sabharwal tried to project these properties as legitimate assets. The ED is continuing its probe into the case.
ED initiated an investigation on the basis of an FIR registered by the Anti-Corruption Bureau (formerly known as the State Vigilance Bureau), Panchkula, Haryana, under various sections of IPC, 1860, the Mines and Minerals (Development & Regulation Act) 1957, and the Prevention of Corruption Act, 1988, against M/s Tirupati Roadways, its proprietor and officials of the Mining & Geology department, Panchkula, Haryana, and others.
The ED investigation revealed that Gurpreet Singh Sabharwal generated Proceeds of Crime (POC) from criminal activities related to scheduled offences through M/s Tirupati Roadways. As per the investigation, Gurpreet Singh
Sabharwal used several bank accounts belonging to him, his family member, entities owned by him, and his close associates for placement, layering, and integration of POC generated through illegal mining in the mines allotted to M/s Tirupati Roadways. A substantial amount of POC was generated in cash through illegal
Mining by M/s Tirupati Roadways used to be directly deposited in the several bank accounts. Gurpreet Singh Sabharwal used to arrange banking transactions from several unrelated individuals in lieu of POC generated in cash and layered the same through a maze of transactions to conceal the origin of funds layered.
and ultimately transferred to bank accounts of his family members and his related entities. He then acquired several movable and immovable properties from these POCs and projected the same as untainted, revealed the investigation.
