On Thursday, the Enforcement Directorate (ED) conducted extensive raids across 12 locations in Punjab and Chandigarh as part of a money laundering investigation targeting two realty groups: Suntec City, associated with the Indian Cooperative Housing Building Society (ICHBS), and Altus Space Builders. The raids, conducted under the Prevention of Money Laundering Act (PMLA), were prompted by allegations of fraudulent change of land use and investor deception. During the operation, the ED seized approximately ₹1 crore (roughly $120,000 USD) in cash, with reports of occupants at a luxury high-rise in Mohali throwing bags of cash from a ninth-floor window to evade authorities. The investigation has implicated Aam Aadmi Party (AAP) leaders, including Punjab minister Aman Arora, who accused the ruling Bharatiya Janata Party (BJP) of using federal agencies to intimidate political opponents. The ED's actions come amid a broader crackdown on politically connected individuals in Punjab ahead of the 2027 state elections. The agency's findings suggest significant irregularities in land use approvals, with allegations of forged consent letters leading to the development of real estate projects without proper legal backing. Opposition leaders have seized upon the raids to criticize the AAP government, claiming they reveal systemic corruption and misuse of power.