{
  "id": 14242439,
  "title": "Earth Infrastructure case: ED's ₹140 crore attachment and ₹2,004 crore fraud allegations explained",
  "url": "https://urgent.news/2026/10/13/earth-infrastructure-case-eds-140-crore-attachment-and-2-004-crore",
  "topic": "world",
  "section": "World",
  "published": "2026-10-13T16:04:04.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/india/earth-infrastructure-case-eds-140-crore-attachment-and-2-004-crore-fraud-allegations-explained-11791905345556.html"
  },
  "original_language": "en",
  "account": "The Enforcement Directorate (ED) has seized assets valued at ₹140 crore from Earth Infrastructure Ltd and its affiliates as part of a probe into a suspected ₹2,004 crore fraud. The ED's Delhi office attached real estate holdings of key individuals, including Earth Infrastructure CEO Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta, and Vikas Gupta. The ED alleges the company and its subsidiaries defrauded over 19,425 investors of funds promised for homebuyers. However, many projects remained unfinished, leading to financial losses. The ED claims a significant portion of the funds were misappropriated through group companies and individuals. The investigation stems from five FIRs filed by the Economic Offences Wing of the Delhi Police. A criminal complaint was also filed by the Serious Fraud Investigation Office (SFIO) under the Companies Act. The ED discovered that proceeds from the alleged offences were used to purchase movable and immovable assets in the names of group members. Searches conducted in April 2026 resulted in the seizure of ₹6.30 crore in cash, ₹8.78 crore worth of jewelry, and documents for over 100 properties worth more than ₹100 crore. Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta, and Vikas Gupta were arrested on June 1 under the Prevention of Money Laundering Act. The ED has filed a prosecution complaint against the accused, seeking their conviction and seizure of properties worth over ₹212 crore. The total value of attachments and seizures now stands at ₹352 crore, including earlier seizures under Section 17 of the PMLA.",
  "summary": "The ED's Delhi Zonal Office-II has attached immovable properties linked to the company and its promoters, including Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta and Vikas Gupta, among others.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}