ED Seizes Assets Worth ₹31.22 Cr, Luxury Cars from Orris Group

By A Staff Reporter

In a significant crackdown, the Enforcement Directorate (ED) has seized multiple documents and frozen assets worth ₹31.22 crore linked to Orris Infrastructure Pvt Ltd. The seizures followed the recovery of confidential documents from secret lockers within the company’s office premises, indicating possible financial irregularities.

The ED has also frozen various Fixed Deposits and Bank Guarantees held in the name of Orris group of companies. Bank accounts and lockers belonging to the promoters of the company were similarly frozen. The agency confiscated four luxury vehicles—Mercedes, Porsche, BMW, and others—from the residence of one of the directors and promoters of the Orris Group.

These actions are part of an ongoing investigation into allegations of money laundering and financial misconduct involving the real estate company. The seized assets are expected to aid authorities in uncovering the extent of the alleged violations and identifying other individuals or entities involved.

Sources within the ED have indicated that the documents recovered from the secret lockers could provide crucial evidence about the financial dealings of the company. The investigation is focused on tracing the flow of funds and determining whether they were diverted or laundered through dubious transactions.

The Orris Group has yet to issue an official statement regarding the seizures. This development marks another high-profile action by the ED in its continued efforts to address financial fraud and bring transparency to corporate governance. Further details on the case are expected as the investigation unfolds.