During the course of investigation, ED arrested Sunil Kumar Bansal and Ram Niwas on 09.06.2025. They are presently in judicial custody. ED has already attached properties amounting to Rs 27.30 Crore by issuing four Provisional Attachment Orders (PAOs).
FinTech BizNews Service
Mumbai, August 9, 2025: Directorate of Enforcement (ED), Chandigarh Zonal Office has filed a Prosecution Complaint (PC) on 06.08.2025 before the Hon’ble Special Court for PMLA at Panchkula under Prevention of Money Laundering Act (PMLA), 2002, against Sunil Kumar Bansal, Ram Niwas former officials of Haryana Shahari Vikas Pradhikaran (HSVP) (Erstwhile known as HUDA) and 3 other accused persons in the case of misappropriation of public funds in HSVP bank accounts, as per a press release issued by the ED.
During the period 2019-2024, Ram Niwas was also MLA from Haryana. ED initiated investigation on the basis of FIR registered by P.S. Sector-7, Panchkula (Haryana Police) against unknown persons. This FIR was registered on the basis of complaint filed by Drawing and Disbursing Officer (DDO) of HSVP. Vide this complaint, HSVP reported that a fraud and financial loss has been committed through a bank account of HSVP maintained with Punjab National bank (PNB), Chandigarh.
As per FIR, during the period 2015 to 2019, debit transactions amounting to Rs 70 crores (approx.) were repeatedly released in favour of some particular parties for no apparent reason from the said bank account of HSVP, causing a loss of Rs 70 crores to HSVP. During internal enquiry of HSVP, it was found by HSVP that no such bank account was reflected in cash branch or IT wing of HSVP, meaning thereby that HSVP was defrauded by Sunil Kumar Bansal and Ram Niwas in a clandestine manner.
Further investigation under PMLA revealed the existence of 10 additional bank accounts associated with HSVP, where similar fraudulent transactions were carried out using the same modus operandi. Hence, ED unearthed overall embezzlement of public fund to the tune of Rs. 225.51 Crore, now being the Proceeds of Crime in this case.
During the course of investigation, ED had arrested Sunil Kumar Bansal and Ram Niwas on 09.06.2025. They are presently in judicial custody. ED had already attached properties amounting to Rs 27.30 Crore by issuing four Provisional Attachment Orders (PAOs). Further investigation is under progress.
