The Enforcement Directorate has asked the Mohali SSP to register an FIR over alleged irregularities in land purchases by the Punjab Cricket Association (PCA), citing sharp price differences, money transfers to private parties and cash withdrawals.
According to an ED letter dated October 12, 2026, the agency examined land transactions in Ajnala, Amritsar, and Bathinda worth a total of ₹77.99 crore. The letter shares the findings with the Senior Superintendent of Police, SAS Nagar (Mohali), under Section 66(2) of the Prevention of Money Laundering Act, 2002, and requests a copy of the FIR once it is registered.
The ED has alleged, on the basis of its preliminary enquiry, that society funds may have been misused to purchase land at inflated prices. It has also flagged transfers to private individuals and companies, along with substantial cash withdrawals.
Here is what the ED letter says.
Three land deals worth nearly ₹78 crore
The ED identified three land purchases by PCA:
On February 16, 2026, PCA bought 32 kanal 4 marla in Bhalla Pind, Ajnala, from AGM Heights Pvt. Ltd. for ₹12.03 crore.
On the same date, it bought 123 kanal 11.5 marla in Bhalla Pind and Uggar Aulakh, Ajnala, from Future Homes for ₹46.18 crore.
On December 20, 2024, PCA bought 100 kanal 10 marla in Deon village, Bathinda, from Darshan Singh for ₹19.76 crore.
The total consideration for these three transactions was ₹77.99 crore.
Bathinda land bought at nearly four times the collector rate
The ED found that PCA paid ₹19.76 crore for 100 kanal 10 marla of land in Bathinda.
According to the letter, the government collector rate was ₹5 lakh per kanal, amounting to ₹5.025 crore for the entire parcel. PCA's purchase price worked out to approximately ₹19.67 lakh per kanal, or 3.93 times the collector rate.
The ED also noted that this was the highest rate paid for a single land transaction in that area during 2024-25. The second-highest rate was ₹7.5 lakh per kanal.
The comparison raises questions about the price paid, but the collector rate alone does not establish the actual market value of the land or prove wrongdoing.
Two firms allegedly resold land at sharply higher prices
The ED's enquiry found that AGM Heights and Future Homes had purchased land from local owners in 2025 and sold portions of it to PCA in February 2026.
According to the letter:
AGM Heights bought 61 kanal 2 marla between September and November 2025 for ₹1.36 crore. It later sold 32 kanal 4 marla to PCA for ₹12.03 crore.
Future Homes bought 224 kanal 2 marla between August and November 2025 for ₹5.56 crore. It later sold 123 kanal 11.5 marla to PCA for ₹46.18 crore.
The two firms had acquired approximately 285 kanal of land for a combined ₹6.92 crore. They subsequently sold 155 kanal 15.5 marla to PCA for approximately ₹58.22 crore within three to six months of their original purchases.
The ED calculated that the average price per kanal rose by approximately 15.4 times between the firms' purchases and their sales to PCA.
ED flags movement of money after PCA payments
The letter states that the ED examined bank accounts and found that funds moved out of the sellers' accounts after payments from PCA.
For AGM Heights, PCA paid approximately ₹11.91 crore, excluding tax deducted at source (TDS). The ED says the money was deposited into the company's HDFC Bank account on February 17, 2026, and the entire amount was withdrawn within two months.
The letter identifies payments of ₹3.58 crore to Harimohan Kaur Randhawa, ₹2.03 crore to company director Gurpreet Singh and ₹69.5 lakh to GS Constructor among the major transactions.
These are transactions identified in the ED's letter; their inclusion does not, by itself, establish that the recipients committed an offence.
Future Homes transferred ₹45 crore to its partners
PCA paid Future Homes approximately ₹45.72 crore, excluding TDS, on February 18, 2026, according to the letter.
The ED states that ₹45 crore was transferred to the firm's partners, Ramneek Singh and Shallu Dhingra, with ₹22.50 crore going to each.
The letter also records that the partners had earlier invested ₹7.62 crore and ₹5.97 crore, respectively, in the firm.
Other payments listed by the ED include ₹3.66 crore to Kashmir Singh, ₹2.65 crore to five people from Bhalla Pind and ₹2.30 crore to AGM Heights.
The agency has flagged these transactions as part of its preliminary examination of the movement of funds.
ED also examined payments to the Bathinda land seller
According to the letter, PCA paid Darshan Singh approximately ₹19.57 crore, excluding TDS, through eight cheques or demand drafts deposited into three bank accounts.
The amounts deposited were approximately ₹7.34 crore and ₹4.61 crore in two HDFC Bank accounts, and ₹7.61 crore in an ICICI Bank account.
The ED states that most of the money was transferred to various people and that ₹44.60 lakh was withdrawn in cash.
ED flags the financial background of the two firms
The letter states that AGM Heights was incorporated in 2023 with share capital of ₹15 lakh and paid-up capital of ₹2 lakh. The ED has questioned how the company handled large land transactions despite this limited initial capital.
The agency also examined Future Homes' bank account, which was opened on July 24, 2025.
According to the letter, the account recorded total credits of ₹59.72 crore, including ₹45.72 crore received from PCA. Total debits stood at ₹59.56 crore, with most payments going to the firm's partners. The ED also flagged a transfer of ₹1.5 crore to AGM Heights after the company received money from PCA.
The agency has described the transactions between the firms as suspicious. The letter does not establish that the companies or their partners have been found guilty.
What does the letter say about PCA's leadership?
The ED letter identifies Amarjeet Singh Mehta as PCA president since February 2023 and states that he is from Bathinda. It also identifies his son, Padamjeet Singh Mehta, as the Mayor of Bathinda.
The letter mentions these details while discussing the Bathinda land transaction. It does not state that either person has been convicted of an offence or establish their personal involvement in the alleged financial irregularities.
ED suspects misuse of society funds
In its preliminary findings, the ED states that PCA may have misused society funds by purchasing land at inflated prices. It also flags the subsequent transfer of money to private companies and individuals, as well as substantial cash withdrawals.
The agency has cited suspected criminal conspiracy and cheating under Sections 61(2) and 318(4) of the Bharatiya Nyaya Sanhita, 2023, corresponding to Sections 120B and 420 of the earlier Indian Penal Code.
The ED has shared the information with the Mohali SSP for registration of an FIR and asked to be informed once the FIR is registered.
What happens next?
The next step requested in the letter is the registration of an FIR by the police under the appropriate legal provisions. The ED has asked the Mohali SSP to forward a copy of the FIR to its Jalandhar Zonal Office.
The central question is whether the land purchases and subsequent movement of funds involved financial wrongdoing, as alleged by the ED. That will depend on the investigation and the evidence established through the legal process.
