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ED Attaches Properties Worth ₹300 Crore in Money Laundering Case

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National Desk
18 January
Sandeep Dhand
Journalist
Nutritionist And Health Educator

The Enforcement Directorate (ED) has attached more than 140 immovable properties worth ₹300 crore in connection with a money laundering case involving the Mysore Urban Development Authority (MUDA). The case also names Karnataka Chief Minister Siddaramaiah and others.

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The ED’s action stems from alleged irregularities in land acquisition and allocation by MUDA. These activities reportedly caused significant financial losses to the government. Sources said the attached properties include land parcels, residential plots, and commercial spaces in Mysuru and other parts of Karnataka.

The investigation revealed that certain influential individuals misused their positions to benefit private entities and themselves. These actions were allegedly facilitated through forged documents and manipulation of official processes.

The ED has intensified its probe to trace additional assets linked to the case. It is also scrutinizing the role of key officials and associates involved.

Chief Minister Siddaramaiah, named in the case, has denied the allegations, calling them politically motivated. His office stated that he is ready to cooperate with any investigation to clear his name.

The ED’s move marks a significant step in its efforts to curb money laundering and misuse of public resources. Further legal action is expected in the case.

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