The enforcement directorate here today attached two properties worth Rs 12 crore under the provisions of Prevention of Money Laundering Act in connection with a land scam.
A plot measuring 80,000 square feet and a developed property of 1,200 sq ft, belonging to businessman Vijay Kothari and his partner Manish Tambi, were attached by the ED, a senior official said.
A case was registered in 2012 under PMLA against Kothari and others over illegal transfer of a three acre plot in Pardeshipura area.
The scam was unearthed by the Lokayukta Police. Accordingly, the municipal corporation had allotted this prime-location land to Kothari for a chemical unit. But he allegedly transferred it to Nandanagar Cooperative Society, then headed by local BJP leader Ramesh Mendola.
Mendola, now BJP MLA from Indore-2 constituency, is also an accused in the case.
A residential building was later built on the land. According to police this caused a loss of Rs 1.58 crore to the the state exchequer.
