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

Pune Homebuyers Shift Towards Emerging Housing Corridors

Pune Homebuyers Shift Towards Emerging Housing Corridors

Rising housing costs are pushing more Pune buyers to examine neighbourhoods beyond the city’s established residential belts. Punawale, Mahalunge, Hinjewadi-Maan, Wagholi and parts of...
Coal India Target Raised As Thermal Demand Recovers

Coal India Target Raised As Thermal Demand Recovers

Coal India’s shares rose sharply on Tuesday after Morgan Stanley upgraded the stock and lifted its target price, reflecting expectations of stronger thermal power...
Sambhv Steel Tubes Raipur Plant Visit Draws Investor Focus

Sambhv Steel Tubes Raipur Plant Visit Draws Investor Focus

Sambhv Steel Tubes is set to bring 14 institutional investors and analysts to its manufacturing facilities in Raipur on September 24, putting production efficiency,...
India Coal Stocks Tighten as Power Demand Climbs

India Coal Stocks Tighten as Power Demand Climbs

India’s electricity system is facing renewed pressure as coal inventories at thermal power plants fall sharply while demand remains elevated. Central Electricity Authority data...
Cement Production Price Hikes Impact Urban Infrastructure Growth

Cement Production Price Hikes Impact Urban Infrastructure Growth

MUMBAI — Rising global energy prices, fueled by ongoing Middle East conflicts, are driving a surge in fuel costs for India’s primary cement manufacturers....