New Delhi: Several premises connected with former IAS officer and the former CEO of Noida Authority Mohinder Singh were searched by the Enforcement Directorate (ED) on Thursday. Singh is allegedly involved in the Rs 9000 crore land scam, which happened during the Mayawati government, where the land allotments are alleged to have been used for personal benefits.
According to the reports, the police forces managed to seize Rs 1 crore in cash and diamonds worth Rs 12 crore, besides gold worth Rs 7 crore. The searches were carried out in Chandigarh, Noida, and Delhi.
The land scam centers around the Noida authority’s notorious 10% policy for land allocation. Singh is accused of assisting numerous large real estate companies, such as Amrapali and Supertech, in obtaining land under this policy.
The scheme incurred a huge loss to the state coffers since it enabled the developers to buy the land at a minimum price. The Comptroller and Auditor General (CAG) of India had cautioned that the Noida Authority committed a massive fraud in the period between 2005 and 2018 and provided evidence of a clear collusion between officials and builders, which cost the government tens of thousands of crores.
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A recent CAG report revealed irregularities in the allotment of different plots in Noida. The investigation found that many plots were sold without a transparent bidding process and that developers were often favored through arbitrary decisions by the authorities.
Additionally, the report revealed that 80% of commercial plot allotments were concentrated in the hands of just three firms: Wave Group, 3C Group, and Logix Group, which are major competitors of the company in question. Despite having significant outstanding receivables, these companies faced no repercussions from the Noida Authority.
While the investigations are on, the ED is also looking at other domestic and international properties associated with Singh.
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