Monday, December 15, 2025 | 03:07 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

ED attaches Rs 300 cr assets in MUDA-linked money laundering case

The attached properties are registered in the name of various individuals who are working as real-estate businessmen and agents, the federal agency said in a statement

Enforcement Directorate, ED

Photo: X @dir_ed

Press Trust of India New Delhi

Listen to This Article

The Enforcement Directorate on Friday said it has attached more than 140 units of immovable assets worth about Rs 300 crore in a MUDA-linked money laundering case involving Karnataka Chief Minster Siddaramaiah and others.

The attachment is part of a money laundering probe into alleged irregularities in land allotment by Mysuru Urban Development Authority (MUDA).

The attached properties are registered in the name of various individuals who are working as real-estate businessmen and agents, the federal agency said in a statement.

"It is alleged that Siddaramaiah used his political influence to get compensation for 14 sites in the name of his wife Smt. BM Parvathi in lieu of 3 acres 16 guntas of land acquired by MUDA  "The land was originally acquired by MUDA for Rs 3,24,700. The compensation in the form of 14 sites at posh locality is worth Rs 56 crore." it alleged.

 

The role of ex-MUDA commissioner D B Natesh has emerged as "instrumental" in the illegal allotment of compensation sites to Parvathi, it said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 17 2025 | 7:53 PM IST

Explore News