SEW Infrastructure and Prasads cleared as ED closes PMLA case

METRO INDIA NEWS | HYDERABAD

The CBI Court in Hyderabad by an order passed in December 2025, has accepted the CBI's Closure Report in the case involving SEW LSY Highways Ltd and its promoter companies being SEW Infrastructure Ltd. and Prasads and Company, holding that no case was made out against the accused and ordered closure of the proceedings.

The case concerned with investigation arising from termination of the project for four-laning of State Highway-57 in Uttar Pradesh. The CBI's investigation examined allegations of criminal conspiracy, cheating and diversion of funds eventually leading to its closure report. In its order, the Court of the Chief Judicial Magistrate-cum-Special Sessions Judge, CBI, Hyderabad, noted that no specific instance of fund diversion was established.

Following the closure of the CBI case, the Enforcement Directorate (ED) in May 2026, proceeded to close the proceedings initiated against SEW LSY Highways Ltd and its promoter companies, for alleged offence of money laundering. The closure of CBI and ED proceedings brings long awaited relief for SEW LSY Highways Ltd and its promoter companies, which came into the realm of investigations following termination of the four-laning project.