LUCKNOW, June 19 -- The Enforcement Directorate (ED), Lucknow unit, has provisionally attached immovable property worth Rs 44.06 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL) and its director, Satinder Singh Bhasin.According to a press release shared with the media on Wednesday, it is alleged that the accused company and its directors collected hundreds of crores of rupees from investors in real estate projects by promising timely delivery of commercial units, which were never completed or handed over.A senior ED official said the attached property is an independent residential house located at D-24, Rajouri Garden, West Delhi. It is held in the name of Satinder Singh Bhasin, the main accused in the case. The fair market value of the property was Rs 27.01 crore as of June 9, 2015 (date of FIR), but its current value is estimated at Rs 44.06 crore.The ED initiated the investigation based on multiple FIRs registered in Gautambuddha Nagar (Noida) against Bhasin Infotech and Infrastructure Pvt Ltd, Grand Venice Group entities, Satinder Singh Bhasin, Quincy Bhasin, and others for offences under various sections of the Indian Penal Code (IPC), 1860, including cheating, fraud and criminal conspiracy. The investigation revealed that funds collected from the public were diverted and dissipated through a complex web of group companies and associated entities, instead of being used for the construction and development of the promised projects. These companies were allegedly controlled by Satinder Singh Bhasin, Harpreet Singh Chhabra and Ajay Dhawan. The ED stated that the proceeds of crime (PoC) were layered and routed through multiple entities, making direct asset tracing difficult. Consequently, the residential property owned by Satinder Singh Bhasin has been provisionally attached under Section 5(1) of the PMLA, 2002.Previously, the ED conducted searches at nine locations across Delhi, Noida, and Goa on April 10, 2025, under PMLA provisions at the premises of M/s Bhasin Infotech and Infrastructure Pvt Ltd, M/s Grand Venezia Commercial Towers Pvt Ltd, and key personnel. These searches resulted in the seizure of incriminating documents, electronic devices, and Rs.36 lakh in cash. Several suspected bank accounts were also frozen....