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ED Attaches 34 Properties Worth Rs 40 Crore in MUDA Probe

The move takes total assets frozen in the case to about Rs 440 crore under the PMLA.

Overview

  • The Enforcement Directorate issued a provisional attachment on October 4 for 34 immovable assets, including MUDA sites, valued at Rs 40.08 crore.
  • The money-laundering investigation stems from a Mysuru Lokayukta FIR alleging large-scale irregularities in MUDA site allotments.
  • ED findings allege former commissioner G. T. Dinesh Kumar routed undue gratification to buy properties in the names of relatives and associates and illegally allotted 31 sites.
  • Dinesh Kumar was arrested under the PMLA on September 16 and remains in judicial custody.
  • ED cites 2024 searches showing gross rule violations, a nexus between MUDA officials and real-estate businessmen, and cash payments, and reports cumulative attachments of roughly Rs 440 crore, including 252 previously attached MUDA sites.