New Delhi, Jan 18 (.) A Special PMLA Court in Gurugram has declared Jitender Kumar Garg and Sunil Jindal, promoters and directors of various companies in the SRS Group, as ‘Fugitive Economic Offenders’ under the Fugitive Economic Offenders Act, 2018.
The declaration came on an application filed by the Enforcement Directorate’s Gurugram Zonal Office, which had sought the fugitive status for Garg, Jindal, and Praveen Kumar Kapoor. It was noted that Praveen Kumar Kapoor was deported to India in 2025 based on an Interpol Red Corner Notice issued at the ED’s request.
The ED initiated its investigation based on approximately 81 First Information Reports registered by the Haryana Police, the Economic Offences Wing of Delhi, and the CBI in New Delhi. The FIRs were against Anil Jindal, Jitender Kumar Garg, Sunil Jindal, Praveen Kumar Kapoor, and other directors of the Faridabad-based SRS Group, a real estate company.
The agencies alleged that the group collected around Rs 2,200 crore from the public and banks by promising high returns on investments and subsequently defrauded the investors.
The ED’s money laundering probe identified the accused persons and companies involved. A Prosecution Complaint was filed in the case in 2022. The investigation has identified properties and assets deemed to be proceeds of crime, with the total attachment in the matter so far amounting to Rs 2,215.98 crore.
The ED’s investigation, under the FEOA, found that the three accused had left India, and it was reasonably ascertained that Garg and Sunil Jindal were residing in foreign jurisdictions. The agency stated that the accused have been evading the legal process by staying outside India to avoid criminal prosecution. Non-Bailable Warrants, Look Out Circulars, and Red Corner Notices have been issued against them, and they have been declared proclaimed offenders by the court.
An ED official stated that with Garg and Sunil Jindal now declared Fugitive Economic Offenders, the process for confiscation of their properties, as per the FEOA provisions, has been initiated.
Further investigation into the matter is ongoing. . ATK SAS