ED attaches 142 assets worth Rs 300 crore in case against Karnataka CM Siddaramaiah

The attached properties are in the names of individuals working as real estate businessmen and agents, according to a statement issued by the ED.
Karnataka CM Siddaramaiah
Karnataka CM SiddaramaiahFile photo
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BENGALURU: The Directorate of Enforcement (ED), Bengaluru, has provisionally attached 142 immovable properties with a market value of about Rs 300 crore under the provisions of the PMLA, 2002, in connection with a case against Chief Minister Siddaramaiah and others. 

The attached properties are in the names of individuals working as real estate businessmen and agents, according to a statement issued by the ED.

The ED launched an investigation on the basis of an FIR registered by Lokayukta Police, Mysuru, under various Sections of IPC, 1860, and the Prevention of Corruption Act, 1988, against Siddaramaiah and others. The Lokayukta Police are investigating the MUDA sites allotment case against Siddaramaiah and others.

It is alleged that Siddaramaiah used his political influence to get 14 compensation sites in the name of his wife BM Parvathi in lieu of 3 acres and 16 guntas of land acquired by MUDA. The land was acquired by MUDA for Rs 3,24,700. The compensation in the form of 14 sites at a posh locality is said to be worth Rs 56 crore. Former MUDA commissioner DB Natesh played an important role in the alleged illegal allotment of sites to Parvathi.

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Searches conducted during the investigation revealed that many sites, other than those allotted to Parvathi, have been illegally allotted by MUDA as compensation to real estate businessmen, who in turn sold them generating a huge amount of unaccounted cash. The profit so generated has been laundered and showed as derived from legitimate sources.

The searches revealed that sites were allotted to benamis of influential persons. The incriminating evidence with regard to payment of illegal gratification to then MUDA chairman and MUDA commissioner in the form of immovable property, MUDA sites, cash, etc., were recovered. The illegal gratification was laundered and showed as derived out of legitimate sources, the release stated.

It was also revealed that money was routed through a cooperative society for purchase of property, luxury vehicles, etc., in the names of relatives of GT Dinesh Kumar, who was the commissioner of MUDA, the release stated.

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