Enforcement Directorate Action: The Enforcement Directorate (ED) in Visakhapatnam, Andhra Pradesh has taken a major action in a case of money laundering. The agency has seized assets worth Rs 44.75 crore. This action has been taken in the case related to the fraud of 12.51 acres of government land. This land was allotted for old age homes and orphanages.
In fact, the Andhra Pradesh government gave 12.51 acres to M/S Hayagriv forms and developers in Jendana village of Visakhapatnam in 2008. This land was to be used to build an old age home and orphanage. In 2010, the company registered this land by paying Rs 5 crore 63 lakh to the government, while the market price of this land was around 30 crore 25 lakh crore at that time.
How was the conspiracy to grab land?
ED investigation revealed that the pit Brahmaji, Gannamani Venkateswara Rao and MVV Satyanarayana conspired to grab this land by becoming partners in the company in 2020. During 2021-2022, these people sold this land through more than 30 sales agreements and scam a scam of crores of rupees.
Which properties were attached?
The Enforcement Directorate has attached the properties of MVV Builders, Hayagriv Infratech Projects Limited, Gadde Brahmaji and his wife, Chilukuri Jagdishwarudu, Chilukuri Radha Rani, Hayagriv Projects and Varnasi Dilif. In which 14 immovable properties, which are priced at Rs 42 crore 03 lakh and 6 movable properties, which are priced at Rs 2 crore 71 lakh.
How did a scam of Rs 87.64 crore?
The ED investigation revealed that Chilukuri Jagdishwarudu made fake sales agreements of land during 2010-2011 and 2019 and earned money from it. In this way a total of Rs 87 crore 64 lakh was earned, which was used for personal benefits.
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