6 months ago
1
The Directorate of Enforcement (ED), Chennai Zonal Office, has seized assets worthy ₹18.10 crore during hunt operations conducted connected Wednesday. The ED conducted searches successful 15 locations of 3 districts including Chennai, Kancheepuram and Chengalpattu.
The lawsuit pertains to large-scale fraud relating to forgery of onshore records and wrongful assertion of compensation successful onshore acquisitions carried retired by National Highway Authority of India (NHAI) and the State Industries Promotion Corporation of Tamil Nadu (SIPCOT).
In a property release, the ED said it had initiated probe connected the ground of FIRs registered by Sriperumbudur and Kancheepuram Police stations successful 2021 and 2022 for offences related to forgery, cheating, transgression conspiracy and fraudulent receipt of compensation.
The FIRs alleged that lands primitively provided by entities of the VGP Group successful 1991 for nationalist utilities specified arsenic roads and parks were subsequently reclaimed done forged and fabricated documents by V.G.S. Rajesh and past sold to backstage persons soon earlier acquisition by NHAI and SIPCOT.
In proceedings related to these matters, the Madras High Court had besides observed that assorted persons had fraudulently claimed ownership of lands earlier acquisition, resulting successful immense nonaccomplishment to the nationalist exchequer.
The ED probe has revealed that forged and bogus documents were utilized to cancel the deeds registered successful favour of nationalist authorities conscionable earlier the acquisition by NHAI and SPICOT. These fraudulent cancellations enabled the merchantability of lands that were primitively meant for nationalist purposes.
The miscreants did not halt determination and adjacent went up by selling the lands obtained fraudulently to their ain associates.
The probe further revealed that a well-structured modus operandi was developed by cardinal individuals and nationalist servants by cancelling merchantability deeds unlawfully, resale of nationalist inferior lands done controlled/dummy buyers, artificial enhancement of marketplace worth successful registration documents, and obtaining inflated compensation from authorities acquisition authorities.
During the hunt operations, ₹1.56 crore of cash, and bullion worthy ₹74 lakh person been seized. Further slope balances amounting to ₹8.40 crore and shares valued astatine ₹7.40 crore were frozen.
