Ed action in money laundering case: The Enforcement Directorate (ED) has attached 14 immovable properties (Rs 42.03 crore) and 6 movable assets (Rs 2.71 crore) in a large case related to money laundering. This action has been taken under the Prevention of Money Laundering Act (PMLA), 2002.
This case is related to embezzlement of 12.51 acres of land allocated under the housing project for old people and orphans by the Andhra Pradesh government. This land was given to Hayagriva Farms and Developers (M/s Hayagreeva Farms & developers), but investigation revealed that this land was fraudulently transferred to other companies.
Whose assets were attached?
The properties that ED have attached in this case belong to the following companies and individuals:
- M/s mVV builders
- M/s hayagreeva infratech projects limited
- Brahmaji and his wife
- Chilukuri Jagadishwarudu and Chilukuri Radha Rani
- M/s hayagreeva projects
- Varanasi dilif
How did the scam happen?
ED investigation revealed that this land was given to Hayagriva Farms and Developers for the purpose of social service, but it was illegally transferred to real estate companies. During this time fake documents and frauds were used, which caused heavy financial loss to the government.
ED action continues
The ED is further investigating this case. Efforts are being made to find out whether government officials were also involved in this scam. If this is found, there may be more arrests.
Many cases of land scams have been reported in Andhra Pradesh, where the land given for the poor and needy is sold to big builders and traders. This action of ED has sent a strong message against those who commit such scams.
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