- By Kamakshi Bishnoi
- Mon, 29 Sep 2025 05:39 PM (IST)
- Source:Jagran News Network
The Enforcement Directorate (ED) Gurugram Zonal Office has provisionally attached immovable and movable assets worth Rs 153.16 crore belonging to the former promoters of M/s Universal Buildwell Private Limited, its group companies, and key associates.
The attached assets include 29.45 acres of land in Behror and Kotputli (Rajasthan), multiple units in the Universal Trade Tower in Gurugram’s Sector-49, and a fixed deposit of Rs 3.16 crore. The action has been taken under the Prevention of Money Laundering Act (PMLA), 2002.
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On September 19, the ED filed a prosecution complaint against the accused in the Special PMLA Court, Gurugram. The investigation stems from over 30 FIRs registered across Delhi NCR, accusing the company and its promoters, Raman Puri, Vikram Puri, and Varun Puri, of delaying real estate projects and defrauding investors and allottees. The promoters were arrested under PMLA on July 22, 2025 and remain in judicial custody.
The company later entered the Corporate Insolvency Resolution Process (CIRP). Under the NCLT-approved resolution plan, some properties were transferred to allottees, while others were to be sold for financial recovery. However, many allottees, who invested before 2010, are still awaiting possession after more than 15 years and have been asked to pay additional funds under the proposed resolution.
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During the investigation, the ED revealed that the promoters raised over Rs 1,000 crore across eight projects in Gurugram and Faridabad over 12 years but allegedly diverted a significant portion for personal gain, committing fraud, forgery, and criminal misuse of funds. The investigation into the case is still ongoing.