News By/Courtesy: Anusha G Rao | 03 Jan 2019 21:21pm IST

HIGHLIGHTS

  • The Enforcement Directorate (ED) on Friday said that it has attached assets worth over Rs 42 crore of a Delhi based Real Estate firm in connection with money laundering and cheating
  • Several farmers have also been cheated with a false promise of government acquisition, to a tune of about Rs 1500 crore. Interestingly, Bhupinder Singh Hooda, former Haryana CM is also an accused
  • ED thus filed a case under PMLA in the said scam in September 2016 on the basis of CBI FIR

The Enforcement Directorate (ED) on Friday said that it has attached assets worth over Rs 42 crore of a Delhi based Real Estate firm in connection with money laundering and cheating. The land in Haryana was illegally acquired with the acquaintance and help of senior government officials and bureaucrats. 

Several farmers have also been cheated with a false promise of government acquisition, to a tune of about Rs 1500 crore. Interestingly, Bhupinder Singh Hooda, former Haryana CM is also an accused. ED has also attached properties of ABW Infrastructure Limited, Gurgaon and its group of companies, as per the latest order under Prevention of Money Laundry Act (PMLA).  The ED also observed that the farmers and land owners in Manesar, Naurangpur and Nakhrola villages had about 688 acres of land and were compelled to sell off about 400 acres of land at cheap and throwaway prices, at 100 crore all in all, while the market value of these lands was 4 crore per acre. to private persons under the threat of government acquisition between August 2004 and 2007. 

ED thus filed a case under PMLA in the said scam in September 2016 on the basis of CBI FIR. The ED also carried out raids last year related to this case. It is thus observed through investigations that the real estate companies have acquired lands illegally and have also obtained licenses for residential/group housing in a fraudulent manner, through the help of government officials. 

Section Editor: Shreyashi Tiwari | 03 Jan 2019 21:24pm IST


Tags : #ED #Manesar #Scam #Property #Attached

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