Pramesh S Jain
Directorate of Enforcement (ED), Bengaluru Zonal Office has conducted search operations on 07.08.2025 under the provisions of Prevention of Money Laundering Act (PMLA), 2002 at 6 locations across Karnataka in Land Purchase Scheme involving Dr. B.R. Ambedkar Development Corporation Limited (ADCL).
The search include Head Office of ADCL located at Bengaluru;Bijapur District office of ADCL and residential premises of accused/suspected persons.
During the search proceedings,incriminating documents and details of properties and modus operandi adopted by the accused were unearthed.
ED initiated money laundering investigation on the basis of various FIRs registered by Karnataka Police in which the Proceeds of Crime so generated was more than Rs.23 Crore.
In the said Scheme (Land Purchase Scheme),land was to be purchased from the land owners and after procurement of the said land,it was to be distributed to women of Scheduled caste landless agricultural labourer’s family.
However,in Vijayapura (earlier Bijapur) district,neither the land was purchased from the land owners nor the land was distributed to the beneficiaries.
In this case,District officials of ADCL neglected their official duties and siphoned of crores of funds to various fake accounts by creating fake sale deeds causing loss of crores of Rupees to the Government exchequer.Further investigation is under progress.
