The Enforcement Directorate (ED) has connected 142 immovable properties having a market worth of ₹300 crore in reference to the Mysuru City Growth Authority (MUDA) case towards Karnataka Chief Minister Siddaramaiah, and others.
Karnataka Chief Minister Siddaramaiah.(PTI)
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ED’s Bangalore Zonal Workplace connected these properties underneath the provisions of the Prevention of Cash Laundering Act (PMLA), 2002.
As per the ED, these properties are registered within the identify of assorted people who’re working as actual property businessmen and brokers.
ED initiated the investigation on the premise of a First Data Report registered by the Lokayuktha Police Mysore underneath varied sections of the Indian Penal Code, 1860 and the Prevention of Corruption Act, 1988 towards Siddaramaiah and others.
It’s alleged that Siddaramaiah has used his political affect to get compensation of 14 websites within the identify of his spouse BM Parvathi in lieu of three acres 16 guntas of land acquired by MUDA. The land was initially acquired by MUDA for ₹3,24,700. The compensation within the type of 14 websites at Posh locality is price Rs. 56 Crore (approx).
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“The role of ex-MUDA commissioner DB Natesh has emerged as instrumental in illegal allotment of compensation sites to BM Parvathi,” stated the company.
“Searches conducted during the investigation further revealed that a large number of sites, other than 14 sites allotted to BM Parvathi, have been illegally allotted by MUDA as compensation to real estate businessmen, who in turn have sold these sites at huge profit and generated huge amount of unaccounted cash. The profit so generated has been laundered and shown as derived out of legitimate sources,” it added.
“The searches also revealed that sites have been allotted in the name of Benamis/dummy persons of influential persons and real estate businessmen. The incriminating evidences with respect to payment of illegal gratification to then MUDA chairman and MUDA commissioner in the form of immovable property, MUDA sites, cash, etc., were recovered,” stated the ED.
The unlawful gratification, thus acquired, was additional laundered and proven as derived out of respectable sources, it stated
“It has also been revealed that money was routed through a co-operative society for purchase of property, luxury vehicles etc. in the name of relatives of GT Dinesh Kumar, who was the previous commissioner of MUDA,” added the federal company.