Overview
- The Enforcement Directorate (ED) attached ₹1,428 crore worth of assets from Golden Land Group, including 1,000 acres of land in Odisha and Andhra Pradesh and ₹15.06 crore in bank balances.
- Golden Land Group is accused of running illegal deposit schemes disguised as real estate projects, defrauding investors in Odisha and Andhra Pradesh.
- In Goa, the ED provisionally attached 24 properties valued at ₹193.49 crore, bringing the total assets seized in the land grab investigation to ₹232.73 crore.
- The Goa land grab scheme involved forged documents and fraudulent insertion of names into land records, targeting properties of deceased individuals or NRIs.
- Both cases are ongoing as the ED continues to trace laundered funds and test the legality of the attached assets under the Prevention of Money Laundering Act (PMLA).