hyderabadupdates.com Real Estate ED names Valmark Realty Holdings’ director, Bengaluru civic body employees in TDR scam

ED names Valmark Realty Holdings’ director, Bengaluru civic body employees in TDR scam

Enforcement Directorate filed a prosecution complaint in a TDR scam involving Valmark Realty Holdings director and 19 others, including BBMP employees. The probe, based on an ACB FIR, alleges illegal profit of Rs 27.7 crore through fraudulent TDR procurement. Brokers, landowners, and officials conspired to obtain TDR by misrepresenting property status and valuations.

Related Post

SC upholds insolvency proceedings against real estate firms for Greater Noida projectSC upholds insolvency proceedings against real estate firms for Greater Noida project

The Supreme Court has affirmed the initiation of insolvency proceedings against Bhasin Infotech and Grand Venezia. This ruling stands as a firm defense of the rights of both homebuyers and