INDIA NEWS

ED has attached over 707 acres of land in Aamby Valley, Maharashtra, worth Rs 1,460 crore, in connection with the Sahara group's money laundering case.

By Aniket Chakraborty

Apr 17, 2025

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The land was purchased using funds allegedly diverted from various Sahara group entities, according to the Enforcement Directorate’s investigation.

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The ED’s probe began after multiple FIRs were filed against Sahara entities across India, alleging cheating and criminal conspiracy.

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Image Credit | @dir_ed | X

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The Sahara group is accused of operating a massive Ponzi scheme, luring depositors with false promises of high returns and failing to repay them.

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The ED claims Sahara manipulated its books and created a false illusion of repayment by reinvesting funds, despite being unable to meet obligations.

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Part of the funds collected were allegedly siphoned off to fund personal expenses and create assets in the names of proxies, according to the ED.

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The ED also seized Rs 2.98 crore in unexplained cash during searches, and statements from multiple individuals have been recorded.

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The attachment of Aamby Valley land signals intensified efforts by the ED to recover assets tied to the Sahara group's alleged fraud.

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In February 2025, the government announced that Rs 2,025.75 crore has been disbursed to 1.16 million depositors of Sahara’s cooperative societies.

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The ongoing refund process, overseen by the Supreme Court, ensures the distribution of funds to legitimate Sahara depositors under strict supervision.

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