IREO established several companies in India, such as IREO Pvt Ltd (IPL), IREO Grace Realtech Pvt Ltd (IGR) and IREO Residences Pvt Ltd, amongst others. These companies were established as separate and distinct entities for launching and developing commercial, residential and hospitality projects.
The recent actions of the central investigating agencies have again brought to the fore the charges of political vendetta from the opposition parties. A few days after the ED arrested Delhi minister Satyendar Jain, Congress president Sonia Gandhi and leader Rahul Gandhi were also summoned.