Investigation Reveals Fake Memberships and Money Laundering in Gurgaon Housing Group

A deep‑dive probe by the Enforcement Directorate has exposed a sophisticated scheme of fake memberships and money‑laundering within the Shanti Niketan Co‑operative Group Housing Society, headquartered in Gurgaon. Acting on an FIR filed at the Sushant Lok police station, agents raided eight premises across Delhi, Gurgaon and Faridabad.

The case centres on Mangul Sain Mittal, who, together with Anil Sharma and Arun Sharma – directors of a private infra‑construction firm – allegedly gained illegal control over the society. They are accused of diverting member funds, fabricating membership data, concealing official records and halting a housing project after collecting substantial capital.

Investigators discovered that the society, authorised for 98 members, had sold an extra 34 illegal memberships. Buyers were compelled to make dual payments – via bank transfers and cash – to secure property rights. Financial tracing has uncovered approximately ₹90.50 cr in illegal proceeds, channeled through layered transactions across several corporate entities.

The raid yielded assets worth ₹6.63 cr, including ₹55 lakh of cash, gold bars (₹1.85 cr), gold jewellery (₹1.95 cr) and about 100 kg of silver (valued at ₹2.28 cr). Several bank accounts linked to the conspirators have been frozen, and the ED continues to unravel the full extent of the laundering network.