ED sets precedent in Smt. Shusheela Chintamani Case; Greenopolis homebuyers demand similar restitution
The GWC has urged the Enforcement Directorate, judiciary, and concerned authorities to take up restitution in the Greenopolis case.
Greenopolis, launched in Sector 89, Gurugram, promised sustainable housing and modern amenities. (Representative Image: Freepik)
In a landmark step under the Prevention of Money Laundering Act (PMLA), the Enforcement Directorate (ED) has released Rs 3.82 crore of Proceeds of Crime (POC) to the rightful claimant—the Karnataka State Wakf Board—in the Smt. Shusheela Chintamani & Others case. The ED’s press release dated July 8, 2025, detailed how funds originally meant for fixed deposits were siphoned into shell entities and used for personal luxuries, including high-end vehicles—a classic example of financial misappropriation bordering on Ponzi-like fraud.
This decisive action has set a powerful precedent for restitution in cases where victims are left defrauded and powerless, rekindling hope among thousands of homebuyers in stalled real estate projects—most notably Greenopolis in Gurgaon.
Greenopolis: A Ponzi Scheme in Disguise
Developed by Three C Shelters Pvt. Ltd., Greenopolis collected Rs 873.83 crore from over 1,200 flat buyers on the promise of delivering premium eco-friendly homes. Instead, the project was abandoned midway, funds were diverted to related parties and fictitious companies, and families were left stranded for over nine years—a textbook case of a real estate Ponzi scheme where money from new buyers was used to cover old liabilities and siphoned off for personal enrichment.
In this matter, the ED has provisionally attached assets worth Rs 395.03 crore under PMLA, confirming the scale of the financial fraud.
GWC Appeals for Timely Restitution – Speaking on behalf of affected residents, Retd. Wing Commander D.S. Malik, a senior member of the Greenopolis Welfare Confederation (GWC), issued a heartfelt appeal: “A similar thing has been done in Greenopolis. Three C Shelters Private Limited, under the pretext of building our homes, looted our life savings. The ED has already attached assets worth Rs 395 crore. We request the authorities to initiate restitution to homebuyers just as was done in the Smt. Shusheela Chintamani case.”
A Call for Equitable Justice
The GWC has urged the Enforcement Directorate, judiciary, and concerned authorities to take up restitution in the Greenopolis case with the same urgency and compassion demonstrated in the Karnataka Wakf Board matter.
“Restitution is not just about recovering money—it is about restoring faith in the rule of law,” said Malik, GWC spokesperson.
Background: The Greenopolis Case
Greenopolis, launched in Sector 89, Gurugram, promised sustainable housing and modern amenities. Despite collecting nearly Rs 900 crore from unsuspecting buyers, construction was halted indefinitely, leaving hundreds of families in limbo. After years of legal battles and citizen-led campaigns, the ED’s attachment of Rs 395.03 crore brought a glimmer of hope to the victims of this massive real estate scam.
The Way Forward
Legal experts emphasize that under Section 8(6) of the PMLA, the ED can move the court to release attached assets for victim restitution once confiscation is confirmed. The precedent set in the Smt. Shusheela Chintamani & Others case underscores the ED’s commitment to ensuring that ill-gotten gains are returned to those who were defrauded.
The GWC hopes that this commitment will soon translate into concrete relief for the thousands of families whose homes and futures remain locked in litigation.
