- विज्ञापन -
New Delhi: The Enforcement Directorate (ED) conducted searches today, July 21, 2025, at the residential and business premises of Sandeep Yadav and Arvind Walia, who are the director and promoter of Ramprastha Group, in connection with a money-laundering case involving Ramprastha Promoters & Developers Pvt. Ltd. (RPDPL). The searches took place at three locations in Delhi and Gurugram.
Following the search operation, Sandeep Yadav and Arvind Walia, both of whom are the director and majority shareholders of RPDPL, were arrested by the ED. Previously, on July 11, 2025, the ED had provisionally attached immovable properties worth Rs. 681.54 crores belonging to RPDPL and its group companies.
The ED’s investigation has revealed that RPDPL collected around Rs. 1100 crores from more than 2000 homebuyers for various projects, including Project Edge, Project Skyz, Project Rise, and Ramprastha City (a plotted colony project). Despite a lapse of 15-20 years, possession of the flats and plots has not yet been handed over to the buyers.
Further investigations are ongoing.
