06 April,2018 05:25 PM IST | Mumbai | IANS
The Enforcement Directorate (ED) has attached a Rs 462 crore worth property of Pyramid Developers as part of its ongoing probe in an alleged multi-crore scam and named Congress MLA Baba Siddique, an official said on Friday.
The property in Bandra West was seized under the Prevention of Money Laundering Act (PMLA).
"We have attached properties worth Rs 462 crore in Bandra West of Pyramid Developers in a case of fraud related to slum redevelopment scheme against Baba Siddique and others," an ED official said.
The agency is investigating if Siddiqui, as Chairman of the Maharashtra Housing and Area Development Authority (MHADA) between 2000 and 2004, misused his position to help the firm bag the Slum Rehabilitation Authority (SRA) project that was being developed in Bandra.
ALSO READ
Ajit Pawar-led NCP to contest MLC election from Mumbai Teachers constituency
Shiv Sena's Shivaji Shendge to contest polls from Mumbai Teachers' constituency
Mid-Day Top News: Maharashtra assembly polls likely only after Diwali and more
Special | Maharashtra assembly elections: Who’s the real NCP in Mumbra-Kalwa?
Maharashtra assembly elections: Want unity, not CM post, says Uddhav Thackeray
The alleged scam is pegged at Rs 2,000 crore.
The ED is also investigating if Pyramid Developers is a front company floated by the Congress leader and the money made through the sale of flats laundered to create assets.
The offence was registered by the Mumbai Police in March 2014.
Based on the complaint filed by a resident, Abdul Salaam, in 2012, the Mumbai Police registered a case against Siddique and 150 others for the alleged irregularities in the allotment of houses in the SRA project.
The police action was initiated after a Metropolitan Magistrate Court ordered a probe into the case.
Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
