ED raids 4 premises of Ghaziabad builder Sandeep Singh in ₹41,544 sq m land fraud
Synopsis
Retired Sashastra Seema Bal officers were promised 264 flats — instead, the builder allegedly sold 41,544 sq m of their Samiti's land to third parties. The ED's Lucknow Zonal Office has now raided four premises across Ghaziabad, Noida, and Delhi, seizing documents that could expose the full money trail in one of UP's more brazen real estate fraud cases targeting paramilitary veterans.
Key Takeaways
The Enforcement Directorate (ED) searched four premises linked to builder Sandeep Singh and Seva Suraksha Sahkari Awas Samiti office-bearers on 27 June .
Raids were conducted across Ghaziabad , Noida , and Delhi under the PMLA, 2002 .
Singh, director of Shrasth Propbuild , allegedly promised 264 residential flats to retired Sashastra Seema Bal (SSB) officers but failed to deliver.
He allegedly sold 41,544 square metres of the Samiti's land to third parties without completing the flats.
The probe is based on three FIRs filed by Uttar Pradesh Police ; incriminating documents on money trail and financials were seized.
The Enforcement Directorate (ED) conducted search operations at four premises linked to Ghaziabad-based builder Sandeep Singh, director of Shrasth Propbuild, and office-bearers of Seva Suraksha Sahkari Awas Samiti across Ghaziabad, Noida, and Delhi on Saturday, 27 June. The agency's Lucknow Zonal Office carried out the raids under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged land and real estate fraud targeting retired paramilitary personnel.
Background of the Fraud
The ED initiated its investigation on the basis of three FIRs registered by the Uttar Pradesh Police for offences under various sections of the Indian Penal Code (IPC), 1860 — all scheduled offences under the PMLA. According to the FIRs, Sandeep Singh was the principal beneficiary and key conspirator in the alleged fraud.
The Samiti's members — retired officers of the Sashastra Seema Bal (SSB) — were allegedly promised 264 residential flats on half of the Samiti's land, in exchange for granting Singh development rights over the remaining half. The agreement also reportedly included a clause for monthly rent in case of construction delays.
How the Alleged Fraud Unfolded
'He induced the Samiti's members, who are retired officers of the Sashastra Seema Bal, by promising them 264 residential flats on half of the land of Samiti, in exchange for selling or development rights over the remaining half,' the ED said in a statement.
However, the flats were never delivered within the stipulated period. Instead, according to the ED, Singh allegedly sold 41,544 square metres — half of the Samiti's land — to third parties, securing wrongful gains while depriving the retired SSB officers of their entitled housing.
What Was Seized
During the searches, ED officials seized several incriminating documents related to the money trail, properties, and financial statements of the company, all under PMLA provisions. The agency is now probing the generation, concealment, possession, acquisition, and utilisation of proceeds of crime arising from the alleged fraud.
What Happens Next
The ED's investigation is ongoing, with the focus on tracing the complete trail of funds and assets acquired through the alleged fraud. Attachment of properties and further action under PMLA are likely next steps if the money trail is established. The case is significant given that the victims are retired paramilitary personnel, adding a layer of public interest accountability to the probe.
Point of View
Which is the threshold for asset attachment under PMLA. UP's real estate sector has a long history of cooperative housing society fraud; without swift attachment orders, the third-party buyers of the allegedly diverted land will complicate any restitution.
NationPress
27 Jun 2026
Frequently Asked Questions
Why did the ED raid Ghaziabad builder Sandeep Singh?
The ED raided Sandeep Singh, director of Shrasth Propbuild, over alleged money laundering linked to a land and real estate fraud in Ghaziabad. He is accused of promising 264 residential flats to retired Sashastra Seema Bal officers but instead selling 41,544 sq m of their Samiti's land to third parties.
Who are the victims in the Ghaziabad housing fraud case?
The victims are members of Seva Suraksha Sahkari Awas Samiti, who are retired officers of the Sashastra Seema Bal (SSB), a central paramilitary force. They were promised residential flats in exchange for granting development rights over a portion of the Samiti's land.
What law is the ED using to investigate this case?
The ED is investigating under the Prevention of Money Laundering Act (PMLA), 2002. The probe is based on three FIRs filed by the Uttar Pradesh Police for IPC offences that qualify as scheduled offences under the PMLA.
What was seized during the ED searches?
The ED seized several incriminating documents related to the money trail, property records, and financial statements of the company during searches at four premises across Ghaziabad, Noida, and Delhi.
What are the likely next steps in the ED investigation?
The ED is expected to trace the complete trail of funds and assets linked to the alleged fraud. If the proceeds of crime are established, attachment of properties under PMLA is a likely next step, followed by a chargesheet before the special PMLA court.
