Officials of the central probe agency said a complaint has been registered against Tayal and his family under the provisions of the Prevention of Money Laundering Act (PMLA).
The ED, the officials said, will probe the suspected "proceeds of crime" and record the statements of the accused to take the investigation forward.
The officials said the agency may also attach assets of Tayal and his family under the PMLA.
The Central Bureau of Investigation had earlier this month booked Tayal under the Prevention of Corruption Act in connection with alleged irregularities in land allotment.
The CBI complaint alleges that Tayal amassed assets worth Rs 10 crore during 2006-14 disproportionate to his known sources of income.
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