Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Ex-municipal chief, planner and two developers remanded under PMLA for alleged cartel, illegal constructions and hawala laundering</h1> A federal agency charged an ex-municipal chief, a senior municipal planner and two real estate developers under the Prevention of Money Laundering Act, alleging they used administrative power, hawala and angadia networks to perpetrate a high-value fraud linked to illegal construction. The court remanded the quartet to 14 days' judicial custody after the agency argued they formed a well-organized cartel that built 41 unauthorised residential-cum-commercial structures on reserved land, sold units through fabricated approvals, laundered proceeds across states and abroad, and pose real risk of evidence tampering, witness influence and asset dissipation while the probe determines the quantum of proceeds.