ED takes hold of Luxury Homes & Cars from Orris group for Real Estate Fraudulence

The four luxury cars that were seized from one of Orris group's directors and promoters home included Mercedes, Porsche, and BMW models.

Luxury cars, various Fixed Deposits and Bank Guarantees worth Rs. 31.22 crore were seized by the Enforcement Directorate in connection with an alleged real state fraud of over Rs. 500 crores.

The Rs. 31.22 crore worth of FDs and BGs, registered under the Orris group of companies, were seized and frozen by the anti-corruption body on Tuesday.

Four luxury cars -- Mercedes, Porsche, and BMW models -- were seized from the residence of one of the Orris group's directors and promoters, and bank accounts and lockers of the company’s promoters have also been frozen.

Four luxury cars were also seized from the residence of one of Orris group's directors and promoters.

These things were seized during a search operation conducted on November 25 at 14 locations across Delhi-NCR under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The search operation was conducted under the provisions of the PMLA.

This operation was targeted at Orris Infrastructure Private Limited, its directors and promoters Vijay Gupta and Amit Gupta, as well as Three C Shelters Private Limited, its promoters and directors Nirmal Singh Uppal and Vidhur Bhardwaj.

Two FIRs registered by the Delhi Police's Economic Offenses Wing, which were filed on the basis of complaints from homebuyers and investors, were the basis for the anti-probe agency's investigation.

A residential group housing project named Greenpolis in Gurugram's Sector 89, Haryana, was developed by Orris Infrastructure Private Limited and Three C Shelters Private Limited, according to the cases.