News By: R Rajgopal
ED seizes 15 immovable properties of Raja: The land worth around Rs 55 crores was purchased from the bribe money from a large real estate company in Gurugram in exchange for environmental clearance when Raja was the Union Minister for Environment. Benami means no name and such properties are those in which the real beneficiary is not the one in whose name the property has been purchased.
New Delhi, 10 Oct (City Times): (ED seizes 15 immovable properties of Raja):The ED has taken possession of 15 immovable properties of DMK leader A Raja, who is also a former Union Minister of Environment and Forests.
Subsequent to confirmation of the Provisional Attachment order, the ED said 45 acres of land in Coimbatore (Tamil Nadu) were attached by the central agency in December last year.
Even the Adjudicating Authority of the Prevention of Money Laundering Act (PMLA) approved this order on June 1.
The land worth around ₹55 crores was purchased from the bribe money from a large real estate company in Gurugram in exchange for environmental clearance when Raja was the Union Minister for Environment.(ED seizes 15 immovable properties of Raja)
Benami means no name and such properties are those in which the real beneficiary is not the one in whose name the property has been purchased.
The benami company was in the name of M/s Koavai Shelters Promoters India Pvt Ltd and the said land was registered in the name of the company.
The provisions of PMLA 2002 found out disproportionate assets that prompted the attachment action.
The politician was earlier under scrutiny by the ED when the agency investigated his involvement in the 2G spectrum allocation case.(ED seizes 15 immovable properties of Raja)
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