SRS Group Co-Founder Deported to India in ₹2,200 Crore Fraud Case
Praveen Kumar Kapoor, co-founder of SRS Group, has been deported from the United States to India after years on the run. He was detained upon arrival in New Delhi on November 2, 2025, following the cancellation of his US visa.
Key Developments
- SRS Group co-founder Praveen Kumar Kapoor deported from US to India
- Faces charges in ₹2,200 crore investor and bank fraud case
- Interpol Red Corner Notice led to his capture at Newark Airport
- Two other promoter-directors still absconding
The ₹2,200 Crore Fraud
The case involves 81 FIRs filed across Faridabad, Delhi, and by the CBI. The Enforcement Directorate investigation revealed SRS Group lured investors with promises of high returns, then funneled money through hundreds of shell companies instead of developing promised residential and commercial projects.
Years of Evasion
Kapoor and fellow promoter-directors Jitender Kumar Garg and Sunil Jindal had disappeared from public view, evading repeated summons. A special court in Gurugram eventually declared Kapoor a “Proclaimed Offender” and issued non-bailable warrants. Asset attachment orders worth over ₹2,215 crore have already been issued.
Legal Proceedings Ahead
Kapoor now faces charges under the Prevention of Money Laundering Act (PMLA). The ED has also initiated actions under the Fugitive Economic Offenders Act to have Kapoor, Garg, and Jindal formally declared fugitives for further asset recovery.
Investigations continue as authorities work to extradite the two remaining absconding promoter-directors.
