Directorate of Enforcement (ED), Bengaluru Zonal Office has arrested Vasantkumar Durgappa Sajjan, a retired Special Land Acquisition Officer of the Karnataka Industrial Area Development Board (KIADB), and land dealer Maibub Allabuksh Dundasi underneath the Prevention of Money Laundering Act (PMLA), 2002. This motion is a part of an ongoing investigation right into a fraudulent double cost scheme involving KIADB, the place compensation amounting to Rs. 72 Crore was improperly disbursed.
ED initiated investigation on the idea of FIR registered by Vidyagiri Police Station, Dharwad underneath numerous sections of IPC, 1860 in opposition to V D Sajjan (Former Special Land Acquisition Officer of KIADB Dharwad Zonal Office) and others. Further, the above FIR was transferred to CID, Dharwad and cost sheet in respect of the FIR has additionally been filed by the CID, Dharwad.
It is alleged within the FIR and chargesheet that V D Sajjan, SLAO, KIADB Dharwad and different officers of KIADB, Dharwad conspired with the land brokers and different accused and sanctioned an quantity of Rs 19.99 crore (approx.) to seven people on the pretext of compensation for land acquisition. However, these people had been paid compensation beforehand. Thus, inflicting lose to the federal government exchequer.
KIADB is the nodal company for land acquisition in Karnataka state. Money has been withdrawn fraudulently from KIADB as compensation for land acquisition throughout yr 2021-22. However, compensation to the unique land sellers has been paid in yr 2010-12. The fraudulently withdrawn cash has been transferred into financial institution accounts opened with faux id and tackle proofs.
ED investigation revealed that the precise fraudulent funds exceeded the FIR quantity, reaching roughly Rs. 72 Crore. These funds have been made to financial institution accounts opened with faux identities after which laundered via shell accounts. The funds have been used to amass immovable properties, autos, residential properties, and glued deposits.
Earlier, on August 9 and 10, 2024, the ED performed search operations throughout 12 areas in Karnataka, resulting in the seizure of Rs. 1.50 crore in money and important proof of the rip-off. Evidence of double funds far exceeding the FIR quantity was found throughout these searches.
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