Shimla, Sept 22,
The Enforcement Directorate (ED) has reportedly uncovered undisclosed foreign assets and financial interests exceeding Rs 80 crore during its two-day search operations at six locations in Himachal Pradesh and Delhi connected to companies of a Delhi-based Imperial Group.
The searches, conducted on September 19 and 20 under provisions of the Foreign Exchange Management Act (FEMA), 1999, were aimed at investigating suspected overseas assets and investments allegedly held without disclosure.
Also read: ED raids Real Estate project in Naldera, Shimla: Reports
According to ED, the Imperial Group, operating in aerospace and real estate, is chaired by Singh, with its flagship project in Himachal Pradesh being the Auramah Valley luxury residential project at Naldera. This project was among the premises covered in the raids.
Foreign assets under scanner
Evidence seized points to foreign financial interests including:
Undisclosed shareholding in Aerostar Venture Pte Ltd, Singapore, and United Aerospace DWC LLC, Dubai, with both Singh and his wife as beneficial owners.
A Robinson 66 helicopter worth Rs 7 crore, purchased in May 2025 by the Dubai entity, allegedly financed through unsecured loans from a Hong Kong firm. The helicopter, now in India, is said to be used for Auramah Valley residents, with lease payments routed back to Dubai.
Assets worth Rs 38 crore held by United Aerospace DWC LLC in Dubai as of March 2025.
An undeclared villa, Villa Samayra, in Koh Samui, Thailand, valued at over ₹16 crore.
Foreign bank accounts in Singapore and the British Virgin Islands reportedly linked to the couple.
Suspected Cash deals at Auramah valley
At the Auramah Valley project site, ED claims to have found evidence of parallel accounts showing part of the flat payments were collected in cash. Investigators estimate around Rs 29 crore was routed this way.
The operation also led to the recovery of Rs 50 lakh in Indian currency, including Rs 50,000 in demonetised Rs 500 notes, foreign currency worth USD 14,700, freezing of three lockers, and seizure of multiple digital and documentary records related to Singh, his wife, and the Imperial Group.
Alleged Hawala and Round-Tripping
Preliminary analysis of the seized material, ED stated, suggests a pattern of hawala transactions and round-tripping of funds, where cash generated from real estate sales was allegedly sent abroad, invested in revenue-generating assets, or routed back into India through shell entities.
ED clarified to a news agency that the probe remains at an early stage and that further investigation is underway.
About the Author
The HimachalScape Bureau comprises seasoned journalists from Himachal Pradesh with over 25 years of experience in leading media conglomerates such as The Times of India and United News of India. Known for their in-depth regional insights, the team brings credible, research-driven, and balanced reportage on Himachal’s socio-political and developmental landscape.
Hi there would you mind stating which blog platform you’re working with? I’m going to start my own blog in the near future but I’m having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something completely unique. P.S My apologies for being off-topic but I had to ask!
Thank you, I have just been searching for information about this topic for ages and yours is the best I have discovered till now. But, what about the conclusion? Are you sure about the source?
We are a group of volunteers and opening a new scheme in our community. Your web site provided us with valuable information to work on. You’ve done an impressive job and our entire community will be thankful to you.
Hi there! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no backup. Do you have any solutions to protect against hackers?
I like this web blog so much, saved to bookmarks.
I genuinely enjoy reading on this site, it has got great content. “And all the winds go sighing, For sweet things dying.” by Christina Georgina Rossetti.
What’s Happening i’m new to this, I stumbled upon this I have found It absolutely helpful and it has helped me out loads. I hope to contribute & aid other users like its helped me. Great job.
Thank you for the sensible critique. Me & my neighbor were just preparing to do a little research about this. We got a grab a book from our area library but I think I learned more from this post. I am very glad to see such excellent information being shared freely out there.
This web site is really a walk-through for all of the info you wanted about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.
so much great info on here, : D.
This is a topic close to my heart cheers, where are your contact details though?
Have you ever thought about creating an ebook or guest authoring on other websites? I have a blog based on the same subjects you discuss and would love to have you share some stories/information. I know my audience would enjoy your work. If you’re even remotely interested, feel free to send me an e-mail.
Absolutely indited subject material, Really enjoyed examining.
Yay google is my world beater assisted me to find this great web site! .
It is in point of fact a great and useful piece of information. I’m glad that you just shared this useful information with us. Please keep us up to date like this. Thanks for sharing.
Greetings from Los angeles! I’m bored at work so I decided to check out your website on my iphone during lunch break. I love the information you present here and can’t wait to take a look when I get home. I’m amazed at how fast your blog loaded on my phone .. I’m not even using WIFI, just 3G .. Anyhow, fantastic blog!