Crime
ED Conducts Multi-City Raids in 32nd Avenue Group Money Laundering Investigation
The Directorate of Enforcement (ED) has carried out search operations at seven locations across Delhi-NCR, Goa, Jaipur, and Mumbai in connection with its ongoing investigation into the 32nd Avenue Group and its promoter-directors, including Anubhav Sharma and Dhruv Sharma.
The probe was launched based on multiple FIRs registered by Delhi Police and Gurugram Police under various sections of the Indian Penal Code against the accused. According to the ED, the case involves allegations of organized financial fraud, including inducement of investors, failure to hand over possession of promised properties, diversion and misappropriation of funds, use of forged documents, and non-payment of statutory dues.
Investigators allege that the accused laundered funds through multiple entities, generating substantial proceeds of crime. The searches were conducted on April 13 and 14 as part of efforts to trace assets and gather evidence linked to the alleged money laundering network.
Further investigation in the case is ongoing.
