Mohali, May 22 -- A team of the Enforcement Directorate (ED) raided the house of Bajwa Developers' owner Jarnail Singh Bajwa in Sector 71, Mohali, on Wednesday. The raid is part of an ongoing investigation into allegations of financial irregularities against Bajwa, say sources. He is accused of defrauding several individuals of approximately Rs.3.17 crore by promising them plot allotments.

Over 50 FIRs have been registered against him for allegedly cheating gullible investors. He is currently lodged in Ropar jail.

In April, the ED had obtained permission from Mohali district court to interrogate Bajwa and subsequently questioned him in Ropar jail.

The money-laundering investigation against Bajwa was started in 2023 after which, his pro...