Daijiworld Media Network - New Delhi
New Delhi, June 28: The Enforcement Directorate (ED) has provisionally attached assets worth Rs 557.43 crore in connection with a major real estate scam involving Mahira Group companies. The action, taken under the Prevention of Money Laundering Act (PMLA), covers 35 acres of residential and commercial land in Gurugram and fixed deposits valued at approximately Rs 97 lakh.
The investigation stems from multiple FIRs filed by Gurugram Police against Mahira Infratech Pvt Ltd (formerly Sai Aaina Farms Pvt Ltd), Mahira Buildtech Pvt Ltd, and Czar Buildwell Pvt Ltd. These companies allegedly submitted forged documents, including fake bank guarantees, to secure licences for affordable housing projects in Sectors 68, 103, and 104 of Gurugram.
Over Rs 616 crore was collected from more than 3,700 homebuyers for these projects, which were never completed. Instead, the funds were misused, siphoned off through inflated construction costs, and funneled through bogus invoices raised by associated firms. The ED found that much of the money was routed to other group companies in the form of long-pending loans and was used for personal gains by the company’s promoters and directors.
According to the ED, despite the imposition of Anti-Dumping Duty (ADD), imports of jute from Bangladesh continued through technical loopholes, resulting in ongoing market distortion and significant losses to India’s domestic industry. The ED noted that the misappropriation tactics included misdeclaration and the use of exempted firms whose exports exceeded their declared production capacities.
Earlier attachments in the case were valued at Rs 81.07 crore and were made on February 15, 2024, and March 26, 2025. Several individuals are now under scrutiny, including Mahira Group promoter Sikandar Singh, former MLA Dharam Singh Chhoker, and Vikas Chhoker. Singh was arrested in April 2024, while Chhoker, after evading arrest despite six non-bailable warrants, was taken into custody in May. Vikas Chhoker remains on the run, with a proclamation issued against him by the Special Court in Gurugram.
The ED has already filed a prosecution complaint, which the court has taken cognisance of. As the investigation continues, more action is expected in a scam that has left thousands of homebuyers without the homes they paid for, while exposing deeper issues of financial mismanagement and fraud in the affordable housing sector.