+
Mysore Land Scam: ED Alleges Rs.700 Crore Benami Transactions
Real Estate

Mysore Land Scam: ED Alleges Rs.700 Crore Benami Transactions

The Directorate of Enforcement (ED) has alleged that the Mysore Urban Development Authority (MUDA) allocated 1,095 sites, valued at Rupees 7 billion, through benami transactions. The findings were shared with the Karnataka Lokayukta as part of an ongoing investigation into the MUDA alternative site allotment scam, which also implicates Chief Minister Siddaramaiah and his wife, BM Parvathi.

According to the ED, its money-laundering probe revealed statutory guideline violations in land transfers, favoritism, falsification of documents, and improper practices. The investigation uncovered that the alleged irregularities extended beyond Parvathi’s case, with MUDA failing to adhere to proper procedures in site allocations.

Key Findings:

The ED identified irregularities in land conversion, highlighting that inspections reported no unauthorized constructions despite contrary satellite imagery and MUDA records. An indemnity bond submitted by BM Mallikarjuna Swamy, the CM’s brother, lacked his signature, raising questions about procedural integrity. Land originally acquired by MUDA was allegedly denotified and later sold as agricultural land despite development being underway. Swamy gifted the land to his sister, Parvathi, in 2010, six years after purchasing it. The ED claims the land was projected as legally acquired through a gift deed, despite its origins in illegal transactions. The ED further alleged that illegal compensation in the form of prime sites worth 560 million rupees was obtained through political influence. These sites were presented as legitimate compensation from MUDA.

The investigation into the land at Kesare, measuring 3 acres and 16 guntas, revealed that the land had remained with MUDA and its allottees during the purported transactions. Both Swamy and Parvathi allegedly made no attempts to take possession of the land, further indicating misuse of influence to secure prime real estate.

The Lokayukta and ED continue to probe the matter, with the allegations drawing significant political and public attention.

The Directorate of Enforcement (ED) has alleged that the Mysore Urban Development Authority (MUDA) allocated 1,095 sites, valued at Rupees 7 billion, through benami transactions. The findings were shared with the Karnataka Lokayukta as part of an ongoing investigation into the MUDA alternative site allotment scam, which also implicates Chief Minister Siddaramaiah and his wife, BM Parvathi. According to the ED, its money-laundering probe revealed statutory guideline violations in land transfers, favoritism, falsification of documents, and improper practices. The investigation uncovered that the alleged irregularities extended beyond Parvathi’s case, with MUDA failing to adhere to proper procedures in site allocations. Key Findings: The ED identified irregularities in land conversion, highlighting that inspections reported no unauthorized constructions despite contrary satellite imagery and MUDA records. An indemnity bond submitted by BM Mallikarjuna Swamy, the CM’s brother, lacked his signature, raising questions about procedural integrity. Land originally acquired by MUDA was allegedly denotified and later sold as agricultural land despite development being underway. Swamy gifted the land to his sister, Parvathi, in 2010, six years after purchasing it. The ED claims the land was projected as legally acquired through a gift deed, despite its origins in illegal transactions. The ED further alleged that illegal compensation in the form of prime sites worth 560 million rupees was obtained through political influence. These sites were presented as legitimate compensation from MUDA. The investigation into the land at Kesare, measuring 3 acres and 16 guntas, revealed that the land had remained with MUDA and its allottees during the purported transactions. Both Swamy and Parvathi allegedly made no attempts to take possession of the land, further indicating misuse of influence to secure prime real estate. The Lokayukta and ED continue to probe the matter, with the allegations drawing significant political and public attention.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code