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May 22, 2024
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Patna: ED seizes documents, bank accounts and luxury vehicles in connection with Agrani Homes Pvt. Ltd

PATNA: On April 18, the Enforcement Directorate (ED) conducted searches at eight locations in Patna, Varanasi, Lucknow, and New Delhi, in connection with a real estate company called Agrani Homes Pvt. Ltd. According to the agency, it seized incriminating documents, digital material, 119 bank accounts, four insurance policies, and two luxury vehicles during the search.

According to the report, the search included the premises of Agrani Homes Pvt. Ltd’s chairman and managing director, Alok Kumar, and other top officials such as Vijaya Raj Laxmi, Alka Singh, and Rana Ranveer Singh. The ED also searched the premises of Satvik Singh, another senior employee of the realty firm, and chartered accountant Nishat Shrivastava.

The ED initiated the investigation against Alok Kumar and others based on eight FIRs, including cheating cases, against Kumar and his relatives at different police stations in Patna. The agency received more than 73 complaints against Agrani Homes Pvt. Ltd, Patna, and its CMD Alok Kumar Singh, alleging that the company cheated prospective homebuyers for a sum of Rs 9.73 crore.

According to the statement issued by the ED, the investigation has revealed that Agrani group of companies and its director cheated prospective homebuyers and illegally diverted their deposits/investment for acquiring properties in their personal name or in the name of other companies.

The ED found incriminating documents such as sale deeds of properties purchased by Alok Kumar in his name and in the name of his company during the search. It also seized 119 bank accounts, four insurance policies, and two luxury vehicles in the name of Agrani Homes Pvt. Ltd. and its directors. Other incriminating physical and digital material found during the search has also been seized for further investigation, it added.

The seizure of documents, bank accounts, and luxury vehicles by the ED has raised concerns among homebuyers who have invested their hard-earned money in Agrani Homes Pvt. Ltd. The investigation is still ongoing, and the ED has assured that action will be taken against those found guilty of cheating homebuyers.

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