ED Seizes Over ₹206 Crore in TDI Case

The Enforcement Directorate (ED), India’s financial intelligence agency, has taken action against TDI Infrastructure Ltd. in a money-laundering case. They have temporarily seized properties worth over ₹206 crore owned by the company and its related entities. These assets include about 8.3 acres of land and commercial spaces in Kamaspur, Sonipat, Haryana. The ED started investigating after receiving 26 FIRs (First Information Reports) and charge sheets from the Delhi Police and its Economic Offences Wing. Their probe revealed that TDI failed to deliver flats and units to thousands of buyers on time. In some cases, delays stretched up to 16-18 years. Between 2005 and 2014, TDI launched 23 housing and commercial projects in Sonipat, collecting over ₹4,619 crore from more than 14,000 buyers. However, many of these projects remain incomplete. The investigation found that instead of using the funds to finish the projects, TDI’s promoters diverted the money to other companies for land purchases and other purposes. Earlier, the ED had already seized assets worth over ₹45 crore in this case. With the latest action, the total value of seized properties now exceeds ₹250 crore. This situation has left thousands of homebuyers, who paid years ago, without their flats or commercial units. The ED’s actions aim to hold TDI and its promoters accountable for misusing funds meant for completing these projects.