+
Former Noida Authority CEO questioned by ED in Hacienda project scam
ECONOMY & POLICY

Former Noida Authority CEO questioned by ED in Hacienda project scam

The Enforcement Directorate (ED) unit in Lucknow interrogated Mohinder Singh, a former IAS officer and the ex-CEO of Noida Authority, at its office on Wednesday.

The former officer, along with the promoters and directors of Hacienda Projects (HPPL), faced allegations of being involved in a scam valued at Rs 6.36 billion.

Sources from the ED reported that the former IAS officer was questioned for eight hours by the agency's officials. They indicated that while some documents were verified, further verification was still needed. He would be summoned again as necessary.

In the previous month, the ED had conducted raids at 12 locations across Meerut, Noida, Goa, Delhi, and Chandigarh, targeting the promoters and directors of Hacienda Projects (HPPL). The investigation was initiated based on an order from the Allahabad High Court issued on March 1, 2024.

A consortium of companies had been allocated land in Sector 107 as part of a group housing scheme initiated by the Noida Authority in 2010-11. Hacienda Projects (HPPL) was established as a special purpose vehicle for the construction and development of a residential project.

However, the promoters allegedly secured substantial parcels of prime land without any initial investment, launched a project, and collected Rs 6.36 billion from homebuyers. Of this amount, they reportedly siphoned off nearly Rs 1.90 billion, sold part of the land to a third company, pocketed the entire sale proceeds amounting to Rs 2.36 billion, and paid a minimal amount to the Noida Authority for land costs, premiums, and lease rent, which they were obligated to pay.

The Enforcement Directorate (ED) unit in Lucknow interrogated Mohinder Singh, a former IAS officer and the ex-CEO of Noida Authority, at its office on Wednesday. The former officer, along with the promoters and directors of Hacienda Projects (HPPL), faced allegations of being involved in a scam valued at Rs 6.36 billion. Sources from the ED reported that the former IAS officer was questioned for eight hours by the agency's officials. They indicated that while some documents were verified, further verification was still needed. He would be summoned again as necessary. In the previous month, the ED had conducted raids at 12 locations across Meerut, Noida, Goa, Delhi, and Chandigarh, targeting the promoters and directors of Hacienda Projects (HPPL). The investigation was initiated based on an order from the Allahabad High Court issued on March 1, 2024. A consortium of companies had been allocated land in Sector 107 as part of a group housing scheme initiated by the Noida Authority in 2010-11. Hacienda Projects (HPPL) was established as a special purpose vehicle for the construction and development of a residential project. However, the promoters allegedly secured substantial parcels of prime land without any initial investment, launched a project, and collected Rs 6.36 billion from homebuyers. Of this amount, they reportedly siphoned off nearly Rs 1.90 billion, sold part of the land to a third company, pocketed the entire sale proceeds amounting to Rs 2.36 billion, and paid a minimal amount to the Noida Authority for land costs, premiums, and lease rent, which they were obligated to pay.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?