Ten homes and commercial buildings in Punjab, Haryana, and Maharashtra were raided by the Jalandhar Enforcement Directorate on August 14, 2025. The Bunaud Group of companies, which includes Bunaud Infratech Limited, its director Rahul Anand Bhargava, and other related individuals, was the target of this money laundering effort. In accordance with the Prevention of Money Laundering Act of 2002, the raid was carried out. The ED found various incriminating documents, electronic equipment, and cash totalling ₹23.90 lakh during the search. Property valued at ₹9.99 crore and shares valued at ₹63.49 crore were also frozen. A total of 73.72 crore worth of assets were subject to action.
A significant raid has also occurred in the past.
The ED has previously carried out a continuous 72-hour operation at 11 locations in Mumbai and Punjab-Haryana in January 2025. Six businesses in Gurugram, Panchkula, Jind, Mohali, and Mumbai, including Bunaud Marketing Services and Big Boy Toys, were confiscated along with ₹3 lakh in cash and numerous luxury cars. During that operation, the ED also seized digital gadgets, damning documents, a Mercedes G-Waggon (₹4 crore), and a Land Cruiser (₹2.20 crore). The locations of Bunaud Infratech Limited, Mandeshi Foods Private Limited, Plankdot Pvt. Limited, Bytecanvas LLP, Skyverse, Skylink Network, and other associated businesses were the sites of the January raid.
Investors were duped out of crores.
According to the ED’s investigation, Bunaud Marketing Services Limited defrauded investors out of crores of rupees by working with a number of other businesses. Despite lacking the necessary infrastructure, they gathered money under the guise of “selling cloud particles and leasing them back” (SLB model) and enticed consumers with the promise of large returns. The Gautam Buddh Nagar Police in Noida also filed a case under several BNS 2023 sections in response to the ED’s allegation. According to the investigation, the corporations diverted the money by buying homes, moving it around through phoney (shell) companies, and using it to buy pricey cars.
A network from luxury cars to shell companies.
A significant portion of these businesses’ profits were put into businesses like Big Boy Toyz, which offers high-end automobiles for sale in India. One of the main components of their network was money laundering and the purchase of real estate through shell companies using crores of rupees. Prior to this, on November 26, 2024, searches were also carried out at several locations of Bunaud Marketing Services Limited and other associated organisations under the PMLA. These steps in 2025 were taken for additional investigation since, even at that time, the ED had discovered a number of significant documents and digital evidence.
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