Indian Real Estate Promoter Deported From US After ED Action Over Rs 2,200 Crore Scam

Praveen Kumar Kapoor, the co-founder and promoter of a real estate firm in India, has been deported from the United States in connection with a Rs 2,200 crore scam, after a Red Corner Notice was issued by Interpol at the behest of the Directorate of Enforcement (ED).

According to an ED statement, Kapoor was denied entry at Newark International Airport, US and his B1/B2 visa was cancelled by American authorities after the Interpol issued a Red Corner Notice against him at the behest of the agency’s Gurugram Zonal Office.

Kapoor, the co-founder and promoter of SRS group, a realty firm, has been accused of cheating more than Rs 2,200 crore from investors and banks. He was deported back to New Delhi on November 2 and was intercepted on the basis of a Lookout

Circular (LOC) issued by the ED.

On the basis of Red Corner Notice published by Interpol at the behest of the Directorate of Enforcement (ED), Gurugram Zonal Office, Praveen Kumar Kapoor, Co–Founder and Promoter of the realty firm SRS Group, has been deported by US Authorities to India. Praveen Kumar Kapoor…

— ED (@dir_ed) November 6, 2025

ED’s money laundering probe against the SRS group came after 81 FIRs registered under various sections of the Indian Penal Code (IPC), 1860, at police stations across Faridabad, Delhi, and by the Central Bureau of Investigation (CBI). The group was accused of defrauding investors and banks.

According to the probe agency, Kapoor allegedly lured investors with promises of high returns on investments in residential and commercial projects. The funds were routed through hundreds of shell companies and later laundered. A Provisional Attachment Order worth Rs 2,215.98 crore was attached by the ED in this case.

Kapoor, along with SRS co-promoters Jitender Kumar Garg and Sunil Jindal, had been evading investigation for several years and absconding. He was named as an accused in the complaint filed before the special PMLA court in Gurugram.

Soon thereafter, non-bailable warrants were issued against Kapoor, and he was declared a Proclaimed Offender by the court. The agency had also initiated proceedings under the Fugitive Economic Offenders Act (FEOA) to declare Kapoor, Garg, and Jindal as fugitive economic offenders.

Meanwhile, the ED is continuing efforts to secure the return of the remaining promoters that are currently absconding, and further investigation is underway.

(with inputs from ANI)