Two Zirakpur based Realtors arrested by ED in cheque bounce and money laundering case
Babushahi Network
Chandigarh/New Delhi, May 30, 2026: Enforcement Directorate (ED) teams have arrested Zirakpur based Realtors Neeraj Kansal and Praveen Kansal in cheque bounce case.
It is learnt that they have been arrested from Delhi in connection with an alleged money laundering case linked to a housing project in Mohali.
Earlier ED had carried out raids under the Prevention of Money Laundering Act (PMLA) at several places/properties associated with M/s Chandigarh Royale City Promoters Pvt Ltd (CRCPL) and the Royale Estate Group across Chandigarh, Zirakpur and other parts of Punjab. Search operations were conducted at the group’s Zirakpur head office as well as,
It is learnt that ED investigation is based on a Punjab Police FIR registered in SAS Nagar on July 19, 2025 under IPC Sections 406, 420 and 120-B. The case relates to alleged cheating, criminal conspiracy and default in statutory payments to the Greater Mohali Area Development Authority (GMADA). The company has been accused of issuing dishonoured cheques worth Rs 32.67 crore linked to a residential colony project at Karala village in Mohali.