Gurugram. After the complaint in ED, the Income Tax Department team conducted a raid on behalf of the builder to investigate the stuck money of the investors and the money converted from black to white.
30 locations of the builder including Delhi NCR were involved. The raid was led by Monica Bhatia, Director General of Northern West Region.
More than 150 officers and employees of the Income Tax Department along with the RPA team reached their designated destinations at 5.30 in the morning. The builders whose premises were raided. It includes rough builder, oris builder, Panier Builder and Rao Prahlad Singh i.e. RPS Group are involved.
RPS Group being a land bank, land was made available to these builders. The team raided Sector 22D of Gautam Budh Nagar and Faridabad along with Rewari and Mahendra Garh. With this the team has raided 17 locations in Gurugram. This also includes seven schools and Ramada hotels of RPS Group.
According to sources, these builders have a deal with Preece Group. His management people are in jail in the fraud case. Greeno Police Project is coming from his side. In which crores of rupees of investors are stuck. ED has investigated this matter. The documents of the companies related to him are being scrutinized. In which it has been revealed that the black money of rich people has been converted into white by the builder. The search is going on from the Income Tax Department. The entire matter has not been disclosed yet.
