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.

Next Story
Real Estate

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Next Story
Infrastructure Transport

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Next Story
Technology

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement