New Delhi: The Enforcement Directorate has seized immovable assets worth Rs 291.18 crore of IRAIL's holding company International Amusements Ltd, the agency said on Thursday, adding the assets include 3,93,737.28 sq ft of unsold commercial space at Great India Place Mall. . Under the provisions of International Amusement and Infrastructure Limited, lease rights of 45,966 square feet of commercial space in the name of Adventure Island Limited at Rohini, Noida, Delhi and 218 acres of land at Daulatpur village, Jaipur were taken. Through a provisional attachment order dated May 28, 2024, under the Prevention of Money Laundering Act (PMLA), 2002, the Gurugram zonal office of the ED has registered a case against International Entertainment and International Entertainment based on the first information report filed by . Gurugram Police. Action was taken on the basis of its preliminary investigation. Amusement Limited and other related companies are accused of fraud and criminal conspiracy.According to the ED, International Recreation and Amusement Limited had collected over Rs 400 crore from 1,500 investors with the promise of allotment of shops and space in the sector under an affordable housing scheme. 29 and 52-A, Gurugram However, the agency said, Tantiti failed to complete the project and missed the deadline. "Furthermore, monthly assured return payments were not being paid to investors. The ED investigation revealed that the entity misappropriated investors' money and parked the funds with related persons and entities, which were used for personal gain. "Furthermore, there was also a back-dated agreement between the two."The promoter becomes the director of the EOD (purchasing entity) to liquidate the business advances from the balance sheet of IRAL, thereby enabling the deceased directors to escape their responsibility towards IRAL," the ED said. The investigation reveals that the directors and promoters of Internation Recreation and Amusement Limited along with other related entities were involved in parking investors' funds and then selling the company at cheap valuations and getting rid of all (Sector 29 and 52-A, Gurugram). involved with premeditated intent. investors of the project and defrauded more than Rs 400 crore.liabilities of investors