In an important order on January 15, 2026, the special PMLA court of Gurugram declared two businessmen associated with SRS Group, Jitendra Kumar Garg and Sunil Jindal, as fugitive economic offenders. Both the people have been promoters and directors in many companies of SRS Group.
This order was given on the basis of the application given in the court by the ED Gurugram office. In this application, a demand was made to declare three people Jitendra Kumar Garg, Sunil Jindal and Praveen Kumar Kapoor as fugitive economic offenders. However, one of the three accused, Praveen Kumar Kapoor, was sent back to India on November 1, 2025, following an Interpol Red Corner Notice.
What is the whole matter?
This entire matter is related to the real estate business named SRS Group of Faridabad. About 81 FIRs were registered by Haryana Police, Economic Offenses Wing Delhi and CBI against SRS Group and its associated people.
There were allegations in these FIRs that SRS Group collected about Rs 2200 crore from the public and banks in the name of investment and promised to give huge profits in return, but later the people and investors suffered huge losses and were cheated.
ED attached property worth Rs 2215 crore
After these allegations, ED started investigating money laundering. During investigation, ED found that the people responsible of SRS Group invested the money taken from the public in different companies and properties. ED had also filed a charge sheet in this case in the year 2022.
In the ED investigation so far, a total of properties worth Rs 2215.98 crore have been attached as Proceeds of Crime. These assets are being described as companies, land, flats, commercial buildings and other investments.
Accused living in Georgia and Dubai
ED investigation also revealed that accused Jitendra Kumar Garg, Sunil Jindal and Praveen Kumar Kapoor had fled out of India. He was living in Georgia and Dubai. Due to their absence, hearings in Indian courts were not progressing and these people kept avoiding the law. Non-bailable arrest warrant, look out circular and red corner notice were issued against these three. After this, on June 6, 2025, all three were also declared declared criminals by the court.
Separate proceedings going on against an accused
Now that the court has declared two accused Jitendra Kumar Garg and Sunil Jindal as fugitive economic offenders, the next step will be to confiscate their properties. According to the rules of the Fugitive Economic Offenders Act, the government can confiscate the movable and immovable properties of such people. Praveen Kumar Kapoor has returned to India from abroad. Therefore, separate proceedings are going on against him. ED has said that further investigation of this case is still going on.
