ED Attaches Properties Worth Rs 39.24 Crore in Goa Money Laundering Case

ED Attaches Properties Worth Rs 39.24 Crore in Goa Money Laundering Case

VoM News Desk | November 25, 2023 | 07:12 PM IST | Crime | Follow on Google News

ED Attaches Properties Worth Rs 39.24 Crore in Goa Money Laundering Case

ED Attaches Properties Worth Rs 39.24 Crore in Goa Money Laundering Case

The Enforcement Directorate has taken a significant step in a money laundering case in Goa, attaching 31 immovable properties valued at Rs 39.24 crore under the Prevention of Money Laundering Act.

Initiation of Investigation

The federal agency’s investigation was based on various FIRs lodged by Goa Police, implicating individuals like Vikrant Shetty, Mohammed Suhail, Rajkumar Maithi, and others in the illegal acquisition of properties in Goa.

Special Investigation Team’s Involvement

A Special Investigation Team (SIT) formed by the Goa government further intensified the investigation into these allegations.

ED’s Findings on Illegal Property Acquisition

The ED’s investigation uncovered that the accused illegally acquired numerous properties either in their names or through associates and relatives. They allegedly used forged documents to falsely claim ancestral ownership of these properties.

Manipulation of Land Records and Subsequent Sales

The accused managed to update or insert their names in land records using falsified succession deeds and inventories. The ED also found that some of these illegally obtained properties were sold to buyers from Goa and other states.

Ongoing Investigation

The ED’s probe into this matter is still ongoing, as the agency continues to unravel the extent of the illegal property acquisitions and the network involved in this scheme.

VoM News Desk

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