The Enforcement Directorate (ED) has carried out extensive searches against the Piyush Group of Companies and its former promoters in a major real estate fraud case. The agency said on January 17, 2026, that the raids also targeted the homes of the former promoters, current resolution professionals, company directors, and Mahendra Pratap Singh, a former Haryana MLA involved as a joint venture partner in a commercial project suspected to be funded with siphoned homebuyers’ money. The ED took action following multiple FIRs filed by agencies like the Economic Offences Wing and the Central Bureau of Investigation. These FIRs claim that the promoters attracted investors and homebuyers with promises of assured returns and timely possession but failed to deliver despite collecting large booking amounts. The complaints also include charges of forged documents, allocating the same property unit to multiple buyers, and selling mortgaged land without bank approval. The affected projects are in Palwal, Faridabad, Bhiwadi, Dharuhera, and other areas in Haryana. Currently, the firms are undergoing insolvency proceedings for these incomplete projects. The Piyush Group, founded by the late Anil Goyal and his sons, Puneet Goel and Amit Goel, operated in Haryana and Rajasthan. Key companies like Piyush Colonisers Limited and Piyush Shelters India Pvt. Ltd. are now under Corporate Insolvency Resolution Process (CIRP). Forensic audits during CIRP revealed significant diversion of funds. Between 2010 and 2018, the group reportedly collected over ₹600 crore from more than 2,000 homebuyers who remain affected by the scam.