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 supplier Maibub Allabuksh Dundasi beneath the Prevention of Money Laundering Act (PMLA), 2002. This movement is part of an ongoing investigation proper right into a fraudulent double value scheme involving KIADB, the place compensation amounting to Rs. 72 Crore was improperly disbursed.
ED initiated investigation on the concept of FIR registered by Vidyagiri Police Station, Dharwad beneath quite a few 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 price sheet in respect of the FIR has moreover been filed by the CID, Dharwad.
It is alleged inside the FIR and chargesheet that V D Sajjan, SLAO, KIADB Dharwad and completely different officers of KIADB, Dharwad conspired with the land brokers and completely different accused and sanctioned an amount of Rs 19.99 crore (approx.) to seven folks on the pretext of compensation for land acquisition. However, these folks had been paid compensation beforehand. Thus, inflicting lose to the federal authorities exchequer.
KIADB is the nodal firm for land acquisition in Karnataka state. Money has been withdrawn fraudulently from KIADB as compensation for land acquisition all through yr 2021-22. However, compensation to the distinctive land sellers has been paid in yr 2010-12. The fraudulently withdrawn money has been transferred into monetary establishment accounts opened with fake id and deal with proofs.
ED investigation revealed that the exact fraudulent funds exceeded the FIR amount, reaching roughly Rs. 72 Crore. These funds have been made to monetary establishment accounts opened with fake identities after which laundered by way of 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 carried out search operations all through 12 areas in Karnataka, ensuing within the seizure of Rs. 1.50 crore in cash and essential proof of the rip-off. Evidence of double funds far exceeding the FIR amount was discovered all through these searches.
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