ED Attaches Aamby Valley! Probe Intensifies Against Sahara Group
ED Attaches Rs 1,460 Crore Aamby Valley in Sahara Group Money Laundering Probe
The Enforcement Directorate (ED) on Tuesday attached Aamby Valley City, a sprawling 707-acre luxury township in Lonavala, Maharashtra, valued at Rs 1,460 crore, as part of a money laundering investigation targeting the Sahara Group.
The provisional order, issued under the Prevention of Money Laundering Act (PMLA), marks a significant escalation in the probe into the group’s financial dealings.
The ED alleges that the land was acquired in “benami” names using funds siphoned from Sahara group entities, masking the true ownership to obscure illicit transactions. Aamby Valley, a flagship project featuring villas, golf courses, and resorts, has been embroiled in legal battles since 2017, when the Supreme Court ordered its auction to recover investor dues.
Also Read: ED Raids Rajasthan Congress Leader Khachariyawas in Rs 48,000 Crore PACL Scam
This action follows the ED’s 2024 attachment of Sahara assets worth Rs 2,100 crore in a related case involving defrauded investors.
The agency claims Sahara raised over Rs 24,000 crore through illegal chit-fund schemes, diverting funds into real estate and shell companies. Posts on X hailed the move, with users demanding justice for “millions cheated by Sahara.”
The ED is probing the role of group founder Subrata Roy, who died in 2023, and other executives. With prior attachments totaling Rs 16,000 crore, the agency aims to dismantle the group’s alleged laundering network.
The investigation continues, with potential arrests looming as the ED traces the money trail across India and abroad, intensifying scrutiny on one of India’s most controversial conglomerates.
Also Read: DMK in Hot Waters! ED Takes KN Nehru's Brother Into Custody for Questioning
