ED Cracks Down on Ramprastha Promoters, Attaches Rs255 Crore Assets in Money Laundering Case
Moneylife Digital Team 19 September 2025
The Gurugram zonal office of the directorate of enforcement (ED) has provisionally attached assets worth about Rs255.28 crore belonging to Ramprastha Promoters & Developers Pvt Ltd (RPDPL), its group companies, directors, and their relatives, under the Prevention of Money Laundering Act (PMLA), 2002. The attached properties include plots, residential flats, and commercial buildings.
 
The action comes in connection with multiple first information reports (FIRs) filed by the economic offences wing (EOW) of New Delhi police and Haryana police, which alleged that RPDPL and its promoters cheated hundreds of homebuyers by failing to deliver promised flats and plots even after delays of over a decade.
 
According to ED, RPDPL launched several projects between 2008 and 2011, including Project Edge, Project Skyz, Project Rise, and Ramprastha City at Sectors 37D, 92, 93, and 95 in Gurugram. Possession was promised within three to four years, but thousands of buyers are still waiting. 
 
Investigations revealed that the company collected about Rs1,100 crore from more than 2,600 homebuyers, but instead of using the funds for project completion, the promoters diverted hundreds of crores to group companies as advances for land purchases and other purposes.
 
Earlier, on 21 July 2025, ED arrested two directors and majority shareholders of RPDPL, Arvind Walia and Sandeep Yadav, under the PMLA. Both remain in judicial custody. The agency had also conducted search operations and attached or frozen bank balances, movable and immovable assets worth about Rs572.21 crore in the case.
 
With the latest attachment, the total value of assets seized or attached by ED in the RPDPL case now stands at around Rs827.49 crore.
 
The agency says further investigation is underway.
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