ed-raids-punjab-developer-bajwa-in-600-cr-money-laundering-case

The Enforcement Directorate (ED) has initiated a major crackdown on prominent Punjab real estate developer Jarnail Singh Bajwa, owner of Bajwa Developers, in a massive ₹600 crore money laundering case. As part of its investigation, the agency conducted multiple raids at various properties linked to Bajwa.

 

During the searches, the ED seized three luxury vehicles — a Porsche, BMW, and Ford Endeavour — along with important documents believed to be crucial in uncovering the alleged financial fraud.

 

Bajwa, currently in judicial custody, faces serious charges of defrauding investors by collecting over ₹600 crore through promises of residential flats and plots that were never delivered.

 

More than 44 FIRs have been registered against Bajwa across Chandigarh and Mohali, mostly related to fraud and forgery, with several complaints also filed in consumer courts.

 

ED officials revealed that advance payments from customers were deliberately misrepresented in company accounts and diverted to multiple bank accounts, including those held by Bajwa’s son and various business entities.