Agency says searches linked to TDI Group Chairperson Ravinder Taneja were conducted under the PMLA in connection with alleged land transactions in Haryana.
NEW DELHI (India CSR): The Directorate of Enforcement (ED) has conducted searches at business and residential premises linked to Ravinder Taneja, Chairperson of the TDI Group and Managing Director of several group companies, including TDI Infratech Ltd and TDI Infrastructure Ltd.
According to the ED, the searches began on 28 September 2026 and were carried out by its Chandigarh Zone-I in connection with an ongoing money-laundering investigation into the Gurgaon (Manesar) land scam case. The investigation under the Prevention of Money Laundering Act (PMLA), 2002, stems from an FIR registered by the Central Bureau of Investigation (CBI).
Searches Across Locations
The search operation continued for more than three days at locations in New Delhi and S.A.S. Nagar. The ED said it seized project records, files, computers, digital devices, hard disks, servers and luxury vehicles that it identified as proceeds of crime.
The agency also said that records relating to alleged irregularities and illegalities in other projects surfaced during the searches. These records are being examined as part of the ongoing investigation.
Land Deal Allegations
The ED has alleged that more than 400 acres of State-notified land in Manesar, Naurangpur and Lakhnoula villages, earmarked for acquisition in 2007, were purchased from farmers by private builders and intermediaries at low prices amid fears of acquisition by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC).
According to the agency, the acquisition process was later allowed to lapse and the award was dropped. The land was subsequently sold at significantly higher prices, allegedly generating substantial profits for intermediaries.
The ED has identified the TDI Group, led by Ravinder Taneja, as one of the intermediaries in the alleged transactions. These are allegations under investigation and have not been adjudicated by a court.
Three Firms Examined
The agency said that, during the 2005–2007 acquisition period, the TDI Group allegedly used three entities—Indo Asian Construction Co. Pvt. Ltd., NCR Properties Pvt. Ltd. and Divya Jyoti Enterprises Pvt. Ltd.—to purchase nearly 33 acres of land from farmers.
The ED alleged that the land was later sold to the Atul Bansal-led ABWIL group of companies at high profits. The agency said it is examining the financial affairs, seized records and assets linked to the TDI Group and its companies.
Probe Continues
The latest searches underline the continuing scrutiny of land transactions linked to the Manesar acquisition case. The ED said the examination of the seized documents, digital material and assets is underway and will guide the future course of the investigation.
The ED’s statement does not constitute a finding of guilt. A response from Ravinder Taneja or the TDI Group was not included in the agency’s press release.
