After Unitech and Amrapali group, Supertech is the third big real estate company that will be investigated by ED under the Prevention of Money Laundering Act (PMLA). As a precautionary measure, the agency is also likely to issue a lookout circular against Arora to prevent him from leaving the country till the pendency of the probe, according to sources.
The ED is already investigating the former chairman and CEO of Noida authority Mohinder Singh along with six other high-ranking ex-officials of Noida and Greater Noida authorities who had been summoned by the agency in January this year in connection with the Amrapali money laundering case.
Other former officials of the Noida and Greater Noida authorities under investigation of the ED include Manoj Rai and Yashpal Tyagi, both former OSD of Noida authority, three general manager (GM) level officers of Greater Noida authority and one AGM rank officer of Noida authority. Statements of some of them have already been recorded.
The Amrapali group and its chairman (Anil Sharma) are being probed for alleged bribery of government officials and laundering of home-buyers’ money to the tune of Rs 3,000 crore.
Besides probing alleged money laundering by Supertech, the ED investigation will look into the finances and assets acquired by officials of the Noida authority, who have been involved in the Supertech case during the period when it received all the permissions, including those who have taken voluntary retirement.