Directorate of Enforcement (ED), Lucknow Zonal Office has carried out search operations under
the provisions of PMLA, 2002, on 13.08.2025 at 9 locations in Lucknow and Delhi related to M/s Rohtas
Project Limited, and its promoters – Paresh Rastogi, Piyush Rastogi, Pankaj Rastogi, and Deepak Rastogi
in connection with a money laundering case against M/s Rohtas Project Limited & others.
ED initiated investigation on the basis of 48 FIRs registered by UP Police under various sections
of IPC, 1860 alleging that M/s Rohtas Project Limited floated 02 township schemes, namely ‘Sultanpur
Road Project’ and ‘Raebareli Road Project’. As per both the schemes, customers could book differentsized plots/lands/ and after 30 months from the date of booking, they could either take possession of the
booked plot/land or a lump-sum 150% of the booking amount. However, the projects were neither
developed nor was the money returned to the customers.
During the course of investigation under PMLA, it is found that total 83 FIRs have been
registered against the Rohtas Group of Companies for defrauding buyers and banks. It has been revealed
that the promoters of the company cheated the prospective buyers/investors by promising them
lands/good returns. The hard-earned money of the buyers/investors has been siphoned off by the
promoters of the company for their personal gains. The promoters are absconding and evading law
enforcement agencies. Investigation revealed that NCLT initiated Corporate Insolvency Resolution
Process (CIRP) against M/s Rohtas Projects Ltd and M/s Andes Town Planner Pvt. Ltd. Claim of Rs.
487 Crore has been admitted by the Resolution Professional from more than 2000 home buyers/investors
in the Projects Rohtas Plumeria, Rohtas Savana, and Crescent Farms of the Rohtas Group.
During the searches, several documents and digital records were found and seized.
