SRS Group Co-Founder Praveen Kumar Kapoor Deported from US in Rs 2,200 Crore Fraud Case
Praveen Kumar Kapoor, co-founder of SRS Group, was deported from the US to India after being detained at Newark Airport based on an Interpol Red Corner Notice. He is accused of defrauding investors and banks of over Rs 2,200 crore. Kapoor was taken into custody by Faridabad Police upon arrival and is being interrogated. The ED has initiated proceedings under the Fugitive Economic Offenders Act.
Praveen Kumar Kapoor, co-founder and promoter of the SRS Group, was deported from the United States to India after being denied entry at Newark International Airport. The action followed an Interpol Red Corner Notice issued at the behest of the Enforcement Directorate (ED) Gurugram Zonal Office. Kapoor, accused of cheating investors and banks of over Rs 2,200 crore, was intercepted by Indian law enforcement upon arrival in New Delhi on November 2, 2025, and taken into custody by Faridabad Police. He is currently being interrogated, and the ED is expected to take him into custody soon. Kapoor, along with other SRS Group promoters, allegedly lured investors by promising high returns on real estate projects, but siphoned off the funds through shell companies. Large loans from banks were diverted to family members and firms controlled by them in India and abroad. The ED has filed a prosecution complaint, and the Special Court has issued non-bailable warrants against Kapoor, declaring him a proclaimed offender. Proceedings under the Fugitive Economic Offenders Act have also been initiated against Kapoor and two other absconding promoters. The ED has attached assets worth Rs 2,215.98 crore in the case and is working to bring back the remaining accused.
