ED Seizes Luxury Cars in Raids against Orris Infrastructure
ECONOMY & POLICY

ED Seizes Luxury Cars in Raids against Orris Infrastructure

The Enforcement Directorate (ED) has seized multiple documents from secret lockers at the office premises of Orris Infrastructure Pvt Ltd, along with luxury cars and Fixed Deposits (FDs) and Bank Guarantees (BGs) worth Rs 312.2 billion, in connection with an alleged real estate fraud exceeding Rs 5 billion. The FDs and BGs, totaling Rs 312.2 million, held in the name of the Orris group of companies, have been frozen and seized. Additionally, bank accounts and lockers belonging to the company's promoters have been frozen, and four luxury cars—models from Mercedes, Porsche, and BMW—were seized from the residence of one of the group's directors and promoters.

The seizure was part of a search operation carried out under the Prevention of Money Laundering Act (PMLA), 2002, on November 25, at 14 locations across Delhi and the National Capital Region (NCR). The operation focused on Orris Infrastructure Pvt Ltd, its directors and promoters Vijay Gupta and Amit Gupta, as well as Three C Shelters Pvt Ltd and its promoter-directors Nirmal Singh Uppal and Vidhur Bhardwaj.

The ED launched its investigation based on two First Information Reports (FIRs) filed by the Economic Offences Wing (EOW) of Delhi Police, following complaints from homebuyers and investors. A chargesheet was later filed concerning FIR 137/17 by the EOW in New Delhi.

According to the ED, the accused companies and individuals are facing charges of cheating, criminal breach of trust, and fraud involving numerous homebuyers. The FIRs allege that Orris Infrastructure Pvt Ltd and Three C Shelters Pvt Ltd had entered into a collaboration agreement to develop a residential project called Greenpolis in Sector 89, Gurugram, Haryana, on a 47-acre land parcel owned by Orris Group. The development rights for the project were granted to Three C Shelters Pvt Ltd.

However, it is alleged that Orris Infrastructure Pvt Ltd, through its promoters and directors, colluded with Three C Shelters Pvt Ltd and its promoters and directors to siphon off the money of homebuyers by failing to complete the project within the agreed timeline and by not delivering the residential units to buyers and investors, the ED said in a statement.

The Enforcement Directorate (ED) has seized multiple documents from secret lockers at the office premises of Orris Infrastructure Pvt Ltd, along with luxury cars and Fixed Deposits (FDs) and Bank Guarantees (BGs) worth Rs 312.2 billion, in connection with an alleged real estate fraud exceeding Rs 5 billion. The FDs and BGs, totaling Rs 312.2 million, held in the name of the Orris group of companies, have been frozen and seized. Additionally, bank accounts and lockers belonging to the company's promoters have been frozen, and four luxury cars—models from Mercedes, Porsche, and BMW—were seized from the residence of one of the group's directors and promoters. The seizure was part of a search operation carried out under the Prevention of Money Laundering Act (PMLA), 2002, on November 25, at 14 locations across Delhi and the National Capital Region (NCR). The operation focused on Orris Infrastructure Pvt Ltd, its directors and promoters Vijay Gupta and Amit Gupta, as well as Three C Shelters Pvt Ltd and its promoter-directors Nirmal Singh Uppal and Vidhur Bhardwaj. The ED launched its investigation based on two First Information Reports (FIRs) filed by the Economic Offences Wing (EOW) of Delhi Police, following complaints from homebuyers and investors. A chargesheet was later filed concerning FIR 137/17 by the EOW in New Delhi. According to the ED, the accused companies and individuals are facing charges of cheating, criminal breach of trust, and fraud involving numerous homebuyers. The FIRs allege that Orris Infrastructure Pvt Ltd and Three C Shelters Pvt Ltd had entered into a collaboration agreement to develop a residential project called Greenpolis in Sector 89, Gurugram, Haryana, on a 47-acre land parcel owned by Orris Group. The development rights for the project were granted to Three C Shelters Pvt Ltd. However, it is alleged that Orris Infrastructure Pvt Ltd, through its promoters and directors, colluded with Three C Shelters Pvt Ltd and its promoters and directors to siphon off the money of homebuyers by failing to complete the project within the agreed timeline and by not delivering the residential units to buyers and investors, the ED said in a statement.

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