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

Hilton Spark Expansion Targets 150 Hotels Across India

Hilton Spark Expansion Targets 150 Hotels Across India

Global hospitality operator Hilton is preparing for a significant expansion in India through the introduction of its Spark brand, with plans that could see...
Triton Group Introduces Income Linked Housing Investment Model

Triton Group Introduces Income Linked Housing Investment Model

A growing number of real estate developers are experimenting with alternative ownership models as homebuyers increasingly seek both housing security and investment returns. In...
Embassy Developments Commits Rs 1500 Crore To Uttar Pradesh Commercial Growth

Embassy Developments Commits Rs 1500 Crore To Uttar Pradesh Commercial Growth

Uttar Pradesh has attracted a proposed investment of Rs 1,500 crore for a large-scale commercial real estate project, signalling growing investor confidence in the...
MHADA Redevelopment Pipeline May Unlock Rs 4 Lakh Crore Investment

MHADA Redevelopment Pipeline May Unlock Rs 4 Lakh Crore Investment

Mumbai's urban renewal agenda may enter one of its most significant phases yet as the Maharashtra Housing and Area Development Authority (MHADA) advances a...
IHG Targets 400 Hotels Amid India Tourism Growth

IHG Targets 400 Hotels Amid India Tourism Growth

India’s hospitality sector is entering a new phase of expansion as global hotel operator IHG outlines plans to significantly increase its presence across the...