Pramesh S Jain
The Directorate of Enforcement (ED) provisionally attached the properties worth Rs.62.05 from Chitra Poornima and others in a case related to encroachment of Government land and cheating.
The attached properties under the provisions of money laundering act are in the form of one immovable property located at Indiranagar,Bangalore and fixed deposits worth Rs.2.63 Crore in the name of the accused .
According to an official release,ED initiated investigation on the basis of two FIRs registered by Indiranagar and Ashoknagar Police stations.
One FIR registered by Bengaluru Metropolitan Task Force Police Station alleging cheating and encroachment of Government Land by the accused .
Investigation revealed that one of the accused Late, George Thangiah entered into the Joint Development Agreement with Nitesh Indiranagar Retail Private Limited for development of a commercial complex at Indiranagar,Bangalore for which he received Rs.105.50 Crore from the developer.
Investigation further revealed that the said land includes a part of Government land (Water body and public road) which was encroached by Thangiah and duplicate documents for the same has been created by him.
The money received from the developer was diverted by late Thangiah by way of gift and salary to his wife, daughter and son,expenses on foreign trips,shopping, payment towards tax liability and payment to other third parties.
Out of Rs.105.50 Crore received from the developer, Rs.62.05 Crore was not repaid to the developer till date.
Further investigation is under progress.
