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ED attaches two projects of developer

The Enforcement Directorate (ED), Chandigarh, today attached the projects of Gupta Builders and Promoters (GBP) Private Limited — GBP Athens-1 and Athens-2 — worth Rs 305 crore in a 2023 money-laundering case. The two residential/commercial projects located in Rampur Thedi...

Tribune News Service

Mohali, Updated At : 06:10 AM Nov 09, 2024 IST

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The Enforcement Directorate (ED), Chandigarh, today attached the projects of Gupta Builders and Promoters (GBP) Private Limited — GBP Athens-1 and Athens-2 — worth Rs 305 crore in a 2023 money-laundering case.

The two residential/commercial projects located in Rampur Thedi and Rampur Bhudda village of Zirakpur are spread over 19,100 sq yd. Sources said one of the projects was nearing completion when the directors of the group reportedly fled the country.

On August 14, the ED took possession of immovable properties linked to the company, including four plots at Aeropolis City in Sector 66.

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