Jaipur: Following multiple raids in Jaipur, especially on real estate businessman Gyan Chand Agarwal and his associates, many investors from Rajasthan, Haryana and Delhi are approaching the zonal office of the Enforcement Directorate (ED) in Jaipur for recovery of their dues and strict action. ED officials said the agency obtained new leads and crucial evidence from interactions with the investors and also warned investors to stay away from the real estate deals offered by Agarwal and his associates.“We have received calls from investors. Even, some visited our office. Investors shared how they were duped by Agarwal and his associates with alluring deals,” said an officer of the ED.“We have obtained some leads and incriminating evidence. Some arrests are inevitable,” said an officer.The ED made a seizure of nearly Rs 9 lakh in cash and critical investment documents linked to foreign real estate and shell companies. “It is a financial fraud of over Rs 150 crore, which is also evident in the FIRs lodged by the Jaipur police. Our job is to unearth the proceeds of crime,” the officer added.In addition to the cash and investment documents, the ED seized a range of electronic devices, including mobile phones, laptops, and pen drives, which are expected to provide further insights into the operations of the involved parties. “Our teams are meticulously analysing the evidence,” the officer added.
Duped investors seek ED action on real estate bizman | Jaipur News
