+
Mahira Group Director in ED Custody
ECONOMY & POLICY

Mahira Group Director in ED Custody

A court has remanded the director of Mahira Group to Enforcement Directorate (ED) custody for five days. This development comes amidst ongoing investigations into alleged financial irregularities and regulatory violations by the real estate company.

The decision to grant ED custody underscores the seriousness of the allegations against the director and the need for further interrogation to unearth crucial evidence. The ED will likely use this time to question the individual and gather information related to the case.

Mahira Group has been under scrutiny for alleged misconduct in its real estate dealings, prompting regulatory authorities to take action. The director's custody by the ED signifies a significant escalation in the investigation and reflects the authorities' determination to hold accountable those responsible for financial improprieties.

The court's decision to grant ED custody for five days indicates the complexity of the case and the importance of thorough investigation. The ED will have the opportunity to delve deeper into the director's involvement in the alleged wrongdoing and pursue leads to uncover any illicit activities.

Overall, the director of Mahira Group being placed in ED custody underscores the gravity of the situation and the authorities' commitment to upholding transparency and accountability in the real estate sector. It highlights the importance of regulatory oversight in maintaining integrity and trust within the industry.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

A court has remanded the director of Mahira Group to Enforcement Directorate (ED) custody for five days. This development comes amidst ongoing investigations into alleged financial irregularities and regulatory violations by the real estate company. The decision to grant ED custody underscores the seriousness of the allegations against the director and the need for further interrogation to unearth crucial evidence. The ED will likely use this time to question the individual and gather information related to the case. Mahira Group has been under scrutiny for alleged misconduct in its real estate dealings, prompting regulatory authorities to take action. The director's custody by the ED signifies a significant escalation in the investigation and reflects the authorities' determination to hold accountable those responsible for financial improprieties. The court's decision to grant ED custody for five days indicates the complexity of the case and the importance of thorough investigation. The ED will have the opportunity to delve deeper into the director's involvement in the alleged wrongdoing and pursue leads to uncover any illicit activities. Overall, the director of Mahira Group being placed in ED custody underscores the gravity of the situation and the authorities' commitment to upholding transparency and accountability in the real estate sector. It highlights the importance of regulatory oversight in maintaining integrity and trust within the industry.

Next Story
Infrastructure Transport

Rs 2.82 Billion Approved for NH-48 Flyovers, Footbridges

Gurugram’s section of National Highway 48 is set for a significant infrastructure upgrade, with the Central Government approving Rs 2.82 billion for the construction of four flyovers and nine foot overbridges along the Gurgaon–Kotputli–Jaipur corridor. This initiative aims to ease congestion, improve commuter safety, and boost regional connectivity, according to officials.The planned flyovers will be built at Panchgaon Chowk, Rathiwas, near the Hero Company, and Sahlawas. The nine foot overbridges will be constructed at Shikhopur, Manesar, Binola, Rathiwas, Malpura, Jaisinghpurkhera, Sid..

Next Story
Infrastructure Energy

VSL Wins Rs 810-Cr O&M Deal for 810 MWp NGEL Solar Assets

VSL Renewable Services has secured a Rs 810 crore operation and maintenance (O&M) contract for 810 MWp of NTPC Green Energy’s (NGEL) solar power projects spread across Andhra Pradesh, Madhya Pradesh, and Rajasthan. The contract duration is 36 months.The tender, issued in January 2025, was divided into two lots: Lot 1 for 1,054 MWp and Lot 2 for 810 MWp. VSL emerged as the lowest bidder in both categories, but was awarded only Lot 2 in accordance with NTPC’s tender guidelines.Advanced Monitoring and Tailored StrategiesThe O&M scope will employ artificial intelligence and Internet of..

Next Story
Infrastructure Energy

AP Issues Bid for Rs 34.9 Billion Battery Storage Project

The Transmission Corporation of Andhra Pradesh (APTRANSCO) has invited bids for the development of 1,000 MW/2,000 MWh battery energy storage systems (BESS) across seven substations in the state. The project, with an estimated viability gap funding of up to Rs 34.9 billion, will be executed under a build, own, and operate (BOO) model through tariff-based competitive bidding.Bid Timeline and StructureBids must be submitted by 29 September 2025 and will be opened on 6 October. The VGF support per project is capped at Rs 1.8 million per MWh and will be released in three instalments—20 per cent u..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?