Indian Authorities Conduct Raids on GMADA Amid Money Laundering Allegations

According to the ED, the raids were conducted in connection with alleged money laundering and financial irregularities involving Punjab's Greater Mohali Area Development Authority. According to the ED, the raids revealed that AAP leaders Satyendra Jain and Manish Sisodia held regular informal meetings with GMADA officials. The ED claims that the reserve prices of unsold GMADA lands were allegedly fraudulently reduced before the auction. According to the Enforcement Directorate, this was done to cause a loss of about Rs 10,000 crore to GMADA and the Punjab government and to benefit builders and politicians. The Enforcement Directorate claims that specific decisions were taken informally on Satyendra Jain's instructions. This included new auctions, land acquisition, and fixation of compensation. According to the ED, senior officials of GMADA used to bring files out of PUDA Bhawan and hold informal meetings with Satyendra Jain and Amrendra Jha. The ED claimed that 92 houses in Sector 396, Chandigarh, were officially allotted to AAP leader Sunny Ahluwalia and Chairman Sewerage Board of Punjab.