The Enforcement Directorate (ED) took a significant step on Thursday, September 26, attaching assets worth ₹44 crore belonging to Rao Dan Singh, a prominent Haryana Congress MLA, and his son. This action stems from an ongoing money laundering investigation linked to a bank fraud case.
The agency’s statement revealed that the seized assets include 31 flats in Coban Residency, Sector 99A of Gurugram, and 2.25 acres of land in Harsaru village, also in Gurugram. These properties are attributed to entities associated with Rao Dan Singh and his son, Akshat Singh.
Furthermore, the ED has also attached flats and land parcels in Delhi, Gurugram, Rewari (Haryana), and Jaipur (Rajasthan). These assets are connected to entities associated with Suncity Projects Pvt. Ltd. and ILD Group.
The money laundering case originated from a Central Bureau of Investigation (CBI) FIR filed against Allied Strips Limited, a company accused of committing an alleged ₹1,392 crore bank loan fraud. Allied Strips Limited is a manufacturer of cold-rolled steel products.
According to the ED, entities connected to Rao Dan Singh received ₹19 crore from funds allegedly diverted as part of this bank loan fraud scheme. The agency claims that these individuals engaged in deceptive accounting practices to conceal their involvement.
While Rao Dan Singh and his family members have yet to cooperate with the investigation, the ED continues to pursue this case with determination. The agency’s actions highlight their commitment to combating financial crimes and holding those responsible accountable.
