Sahithi Infra land scam: ED attaches Rs 161 crore properties of accused
Thursday, 21 December 2023
The Enforcement Directorate (ED) has attached properties worth Rs 161 crore of Sahiti Infratec Ventures India Private Limited and its managing director, B Lakshminarayan, in an alleged real estate scam. The ED initiated proceedings based on cheating cases registered by the Telangana police against Sahithi Infra. Sahithi Infra collected over Rs 250 crore from customers for its projects but allegedly defrauded them of Rs 248 crore. The ED investigation revealed that the firm paid Rs 32 crore to Omics International Limited for land development.
The Enforcement Directorate (ED) has attached properties worth Rs 161 crore of Sahiti Infratec Ventures India Private Limited and its managing director, B Lakshminarayan, in an alleged real estate scam. The ED initiated proceedings based on cheating cases registered by the Telangana police against Sahithi Infra. Sahithi Infra collected over Rs 250 crore from customers for its projects but allegedly defrauded them of Rs 248 crore. The ED investigation revealed that the firm paid Rs 32 crore to Omics International Limited for land development.
|
||||
|
||||
You Might Like💡 newsR Knowledge: Other News MentionsEnforcement Directorate Law enforcement agency and economic intelligence agency of IndiaArrest illegal and arbitrary, ED acting with malice: CM KejriwalAccusing the Centre of “misusing” Enforcement Directorate to “crush” its political opponents ahead of the parliamentary elections, chief minister Arvind..IndiaTimes 'Not a single Rupee was traced..': Delhi CM Arvind Kejriwal to SC in excise policy caseDelhi Chief Minister Arvind Kejriwal filed his response to the Directorate of Enforcement's (ED) affidavit in the Supreme Court on Saturday and said that there..DNA Economic offences wing clears Ajit Pawar's wife in bank scam caseEOW has absolved Sunetra, the wife of deputy CM Ajit Pawar, in the Maharashtra State Cooperative Bank scam amounting to Rs 25,000 crore. According to the closure..IndiaTimes Delhi CM Arvind Kejriwal administered insulin in Tihar jail after spike in sugar level, AAP confirmsThe Delhi chief minister was arrested on March 21 by the Enforcement Directorate (ED) in connection with a money-laundering case linked to the Delhi government's..DNA Delhi CM Arvind Kejriwal administered insulin for first time in Tihar jail after spike in sugar levelDelhi CM Kejriwal received insulin in Tihar jail for high sugar level. AAP praised BJP while Kejriwal credited Lord Hanuman. Court denied his plea for daily..IndiaTimes Telangana State in southern IndiaSangh has always stood for reservation, says Mohan Bhagwat amid rowRSS chief Bhagwat reaffirmed support for reservations at VBVK event, countering false claims amidst BJP-Congress reservation debate. Telangana CM Reddy..IndiaTimes Polls jam flow of water from Karnataka to TelanganaThe vagaries of climate change may not have made it to the manifestos of parties in this Lok Sabha election, but drinking water is all set to become a prickly..IndiaTimes 2 Telangana youths forced into cyber fraud by Chinese company in Cambodia, one rescuedA job racket involving a Chinese company - operating in Cambodia and committing cyber frauds - was busted by Cambodian police after an alert by Rajanna Sircilla..IndiaTimes Lok Sabha elections 2024 Phase 4 schedule: Key states, candidatesThe fourth phase of the 2024 Lok Sabha elections on May 13 includes various states like Andhra Pradesh, Bihar, Jammu and Kashmir, Jharkhand, Madhya Pradesh,..IndiaTimes |