India News | ED Attaches Rs 300-crore Worth Assets in MUDA-linked Money Laundering Case
Get latest articles and stories on India at LatestLY. The Enforcement Directorate on Friday said it has attached more than 140 units of immovable assets worth about Rs 300 crore in a MUDA-linked money laundering case involving Karnataka Chief Minster Siddaramaiah and others.
New Delhi, Jan 17 (PTI) The Enforcement Directorate on Friday said it has attached more than 140 units of immovable assets worth about Rs 300 crore in a MUDA-linked money laundering case involving Karnataka Chief Minster Siddaramaiah and others.
The attachment is part of a money laundering probe into alleged irregularities in land allotment by Mysuru Urban Development Authority (MUDA).
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The attached properties are registered in the name of various individuals who are working as real-estate businessmen and agents, the federal agency said in a statement.
"It is alleged that Siddaramaiah used his political influence to get compensation for 14 sites in the name of his wife Smt. BM Parvathi in lieu of 3 acres 16 guntas of land acquired by MUDA
"The land was originally acquired by MUDA for Rs 3,24,700. The compensation in the form of 14 sites at posh locality is worth Rs 56 crore." it alleged.
The role of ex-MUDA commissioner D B Natesh has emerged as "instrumental" in the illegal allotment of compensation sites to Parvathi, it said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)