Thousands of home buyers have got a big relief in the major fraud and money laundering case related to real estate company SRS Group. The PMLA Special Court of Gurugram has ordered on March 11, 2026 that immovable properties worth about Rs 650 crore be returned to 2312 genuine home buyers. Under the court order, the projects whose properties are being returned include many projects like SRS City, SRS Pearl Floor, SRS Pearl Tower, SRS Residency, SRS Royal Hills, SRS Prime Floor, SRS Pearl Unity, SRS Affordable Housing Project, SRS Pearl Height and SRS Retreat Farms. These projects include both flats and plots.
ED has registered FIR in the entire matter and started investigation.
ED had started the investigation of this entire matter on the basis of 81 FIRs. This FIR was registered in Faridabad, Delhi and CBI under different sections of the Indian Penal Code (IPC). Investigation revealed that SRS Group defrauded investors and banks to the tune of Rs 2200 crore. The company was in the business of real estate and financing. It is alleged that the promoters of the company made people invest by making false promises and later misused the money.
What other information has come to light in the ED investigation?
ED investigation also revealed that the accused lured investors to invest money in their projects by luring them with higher profits. After this, this money was transferred to hundreds of shell companies and from there the money was diverted through money laundering.
In this case, ED had already temporarily attached properties worth Rs 2215.98 crore. After this, the charge sheet was filed in the PMLA court of Gurugram on 29 August 2022. The court took cognizance of this on 31 October 2022 and framed charges against the accused on 3 November 2025.
Court declared these three accused as fugitives
In this case, three accused Praveen Kumar Kapoor, Sunil Jindal and Jitendra Garg were declared fugitive criminals by the court. After this, ED requested Interpol to issue a Red Corner Notice against them. On the basis of Interpol notice, Praveen Kumar Kapoor was stopped at Newark International Airport in America and he was deported to India on 2 November 2025. Currently, he is lodged in Neemka Jail, Faridabad. At the same time, the court declared Sunil Jindal and Jitendra Garg as fugitive economic offenders on 15 January 2026.
Even before this, ED has returned 78 flats, worth about Rs 20.15 crore, to the original home buyers in this case. After the latest order, so far property worth Rs 670 crore has been returned to the victim home buyers in this case. The trial in this case is still going on in the court.
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