ED Raids Noida-Based Builder in ?40 Crore Money Laundering Case

Dated on: Friday 11th April 2025

The Enforcement Directorate (ED) conducted raids on April 10, 2025, targeting Bhasin Infotech and Infrastructure Pvt. Ltd., led by promoter Satinder Singh Bhasin. Locations searched included the Grand Venice Mall in Greater Noida, as well as premises in Noida, Delhi, and Goa. The action stems from approximately 40 FIRs filed by investors alleging fraud of around ?40 crore, with many not receiving promised housing units. The ED's investigation focuses on potential money laundering under the Prevention of Money Laundering Act (PMLA).