A city-based industrialist has been booked for allegedly selling a chunk of land which was seized by the Mumbai Enforcement Directorate (ED) in 2014. The accused, identified as Kailash Agarwal of Gurdev Nagar, Ludhiana, had not told the buyer that it was an attached property.
The FIR has been lodged on the statement of Ram Dikshit, assistant director, ED, Zonal Office, Mumbai. In his complaint, Dikshit said the ED had seized 19 properties of the accused’s company in 2014 after economic anomalies were detected. The matter is still sub judice.
Dikshit said they came to know that the accused had sold a chunk of land, which was seized by the directorate, to someone in 2020. Following this, they filed a complaint with the Ludhiana police commissioner to lodge an FIR.
The police chief marked a probe to the additional deputy commissioner of police (ADCP, headquarters) who recommended an FIR.
Sub-inspector Jaswinder Singh, the investigating officer, said an FIR under Sections 420 (cheating and dishonestly inducing delivery of property), 421(dishonestly or fraudulently removes, conceals or delivers to any person, or transfer or causes to be transferred to any person), 465 (forgery), 467 (Forgery of a valuable security, will or authority to make or transfer any valuable security, or to receive any money), 468 (forgery for purpose of cheating) and 471 (fraudulently or dishonestly uses as genuine any 1[document or electronic record] which he knows or has reason to believe to be a forged ) of the Indian Penal Code has been lodged against the accused.
The police found that the accused had not only sold the property but also managed to transfer ownership of the property in the name of the buyer even as the ED had already sent information regarding the attached properties to the revenue offices.
{{/usCountry}}The police found that the accused had not only sold the property but also managed to transfer ownership of the property in the name of the buyer even as the ED had already sent information regarding the attached properties to the revenue offices.
{{/usCountry}}Police suspect the involvement of revenue department officials. However, the deal has now been cancelled by the authorities. The SI added that police will arrest the accused soon.