ED arrests Punjab real estate businessman in land fraud case
The Enforcement Directorate has arrested a Punjab real estate businessman in connection with a money laundering investigation involving fake consent letters for land use changes. Ajay Sehgal, linked to the Indian Cooperative House Building Society, is accused of forging documents to secure approvals for a major real estate project. The case has raised concerns about the involvement of other officials and authorities, with further arrests anticipated.
- ▪Ajay Sehgal was arrested under the Prevention of Money Laundering Act.
- ▪He allegedly prepared fake consent letters for 30.5 acres of land owned by 15 individuals.
- ▪The projects developed using these letters include 'Suntec City' and 'La Canela', with sales exceeding ₹200 crore.
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The Enforcement Directorate has arrested a real estate businessman in a money laundering investigation linked to the submission of alleged fake consent letters for obtaining Change of Land Use (CLU) from the Punjab government, officials said on Saturday (May 23, 2026).They said the accused, Ajay Sehgal, also Secretary of Indian Cooperative House Building Society (ICHBS), was taken into custody on Friday (May 22) by the Jalandhar office of the central agency under the Prevention of Money Laundering Act (PMLA).The Enforcement Directorate (ED) had raided Mr.
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