ED Temporarily Confiscates Property Worth 158 Crore in Hospital Fraud Case

The Delhi branch of the Enforcement Directorate has taken provisional custody of immovable properties valued at about £158.37 crore in connection with a money‑laundering investigation against Rockland Hospitals Limited and related parties. The case stems from a complaint by the Serious Fraud Investigation Office dated 31 January 2020.

Prosecutors discovered that Rockland Hospital promoters employed 71 companies to create fraudulent implant invoices, diverting £76.03 crore. They also over‑stated the hospital's building costs by £82.34 crore through the associate firm Somya Constructions Private Limited. Further findings indicated the use of hotel entry agents and dummy companies to mask the origin of the illicit cash.

The total alleged criminal proceeds were assessed at £158.37 crore, leading the ED to attach assets corresponding to this amount under the provisions of the Prevention of Money‑Laundering Act, 2002.