HomeLatestED Seizes 19 Properties in Goa Over Alleged Land Grab Case

ED Seizes 19 Properties in Goa Over Alleged Land Grab Case

The Enforcement Directorate (ED) has seized 19 properties, worth crores of rupees, in Anjuna and Assagao, Goa, in connection with an ongoing land grab case. On Thursday, the ED provisionally attached the properties under the Prevention of Money-Laundering Act (PMLA), marking a significant move in tackling illegal land transactions and money laundering activities in the region.

Of the 19 seized properties, 11 are located in Anjuna, while the remaining 8 are in Assagao. The provisional attachment was carried out under Sub-section (1) of Section 5 of the PMLA, which enables the ED to seize properties involved in money laundering. The order was confirmed by the adjudicating authority as per Section 6 of the PMLA. The properties, now in the custody of the ED, will remain at the agency’s disposal until further proceedings are completed. As part of the attachment process, the ED has prohibited any transfer, sale, or mortgage of these properties. All individuals are restrained from transferring or acquiring any interest in the seized properties in any manner—whether by sale, gift, mortgage, or otherwise.

I N Asha, Deputy Director of the ED, emphasized that anyone occupying the seized premises must vacate them within 10 days of receiving the notice, as per Rule 5(2) of the PMLA. The agency also instructed that any rent or lease income generated from these properties be deposited directly into the ED’s office under Rule 5(3). The action taken by the ED is part of its efforts to curb illegal land grabs and money laundering activities in Goa, particularly in high-value areas like Anjuna and Assagao. These areas have been the subject of controversy regarding land acquisition, with numerous reports of unauthorized or illicit land transactions. The ED’s intervention in this case highlights the ongoing crackdown on money laundering and the use of illicit properties for illegal purposes. Authorities have warned that further actions will be taken as investigations continue, ensuring that such practices are halted and property rights are protected in the state.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Zuari Agro Chemicals Faces Softer Quarterly Demand

Zuari Agro Chemicals Faces Softer Quarterly Demand

Zuari Agro Chemicals reported a weaker financial performance for the opening quarter of the financial year, with revenue declining to around ₹6 billion as...
India Steel Strategy Shifts Towards Value Products

India Steel Strategy Shifts Towards Value Products

India’s largest steelmakers are increasingly looking beyond expanding crude steel output and are instead prioritising value added manufacturing to strengthen earnings and improve capital...
Uttar Pradesh Cement Capacity Expansion Supports Infrastructure

Uttar Pradesh Cement Capacity Expansion Supports Infrastructure

India’s cement manufacturing landscape has entered another phase of expansion after Birla Corporation increased its installed cement capacity to 21.4 million tonnes annually following...
India Aluminium Extrusion Demand Drives Urban Growth

India Aluminium Extrusion Demand Drives Urban Growth

India’s aluminium extrusion market is poised for sustained expansion as demand from construction, transport, renewable energy and manufacturing sectors approaches 858,000 tonnes, reinforcing the...
India Steel Sector Gains Investment Grade Recognition

India Steel Sector Gains Investment Grade Recognition

India’s largest steel producer has secured a global investment-grade credit rating from Moody’s, a move expected to strengthen access to international capital as the...