New Assets Seized in MUDA Money Laundering Probe

The Enforcement Directorate (ED) has escalated its Karnataka MUDA-linked money laundering investigation by attaching assets valued at Rs 40 crore. This move encompasses 34 immovable properties, including several linked to MUDA sites.

According to the ED, these provisional attachments, enacted under the Prevention of Money Laundering Act (PMLA), stem from an FIR lodged by the Karnataka Lokayuktha Police. The agency's latest action raises the total value of attached properties to Rs 400 crore.

The probe involves alleged illegal activities orchestrated by former MUDA Commissioner GT Dinesh Kumar, who is currently in judicial custody. The case further includes allegations of unauthorized land allocations involving top officials, although the Karnataka High Court previously dismissed proceedings against certain political figures, citing insufficient evidence.

(With inputs from agencies.)