The Enforcement Directorate (ED) has launched a probe against a Ghatkopar-based builder for cash laundering crores using fake paperwork. The stated case pertains to the sale of Transferable Development Rights (TDR) value crores for a prime plot in Mumbai, which was sold by creating bogus paperwork, together with loss of life certificates.
Builder Mukesh Mehta and some others who had bought the TDR are to be summoned by ED to report their assertion in reference to the cash laundering case. Some of these who had been summoned, in accordance sources, cited rising Covid-19 circumstances for his or her incapacity to look earlier than the ED.
The case registered by ED relies on an FIR registered against Mehta with Mumbai Police Economic Offences Wing. The criticism was initially registered at Amboli police station in Mumbai underneath Section 420 (dishonest), 465 (forgery), 471 and 34 of IPC against Mukesh Mehta and Hirji Kenia.
The case was registered by Bipin Makda, who had claimed that his father Talakshi Makda, together with six different companions bought a plot in Oshiwara, Andheri within the title of their partnership agency ‘Dalia Industrial Estate’ of Behramji Jejeebhoy Private Limited.
The land was reserved for highway improvement. Bipin Malda alleged that his brother Jitendra Makda after their father’s loss of life, colluded with one of the companions, Hirji Kenia, and fabricated the paperwork displaying that every one companions within the agency had retired.
He stated, then Hirji Kenia and Jitendra Makda had been proven as 50% companions within the agency and as per the plan, Mukesh Mehta bought the plot from Kenia and Jitendra Makda on the idea of fake paperwork.
The stated plot was taken over by BMC for highway improvement and the TDR was allotted for a similar to Mehta who then sold it to Vanquish Investment Leasing. The stated firm, which can be underneath probe, then sold the TDR to a development firm at undervalued costs of round Rs 30 crore on paper.
It is suspected that the TDR was sold at a a lot greater value after which the quantity was allegedly acquired in money, to be diverted to different states.
The complainant, Bipin Makda, in his assertion to EOW had stated, “The land parcel on which the TDR worth crores was acquired was bought by a partnership firm named Daliya Industrial estate in 1972 and was in the name of seven partners of the firm. The firm would develop buildings and sell it and had acquired the prime land parcel in Oshiwara for development but somehow couldn’t develop it. The plot was later put under reservation by the BMC for development of a road and for which a TDR was to be granted to the landowners which were the partnership firm in which one of the partners was my father.”
He added, “One of the partners now named accused in the case, Hirji Keniya, had the power of attorney for the property from other partners, who connived with the prime accused, Mukesh Mehta, to create false conveyance deed dated 1979, which said that the land was sold to Mehta for Rs 24,000. Then a false partnership admission-cum-retirement deed was forced which retired all the partners other than Keniya and Jitendra Makda, who then held 50% shares each.”
“Signatures of most of the partners, including my father who died in 1993, were forged. There were signatures of around four other partners who are also dead. The confirmation deed dated 1979 has pictures of Keniya and Jethalal Makda, which were clicked in 2008, and proves that the documents are forged and false. Then a deed of confirmation was created in 2008.”
Mukesh Mehta acquired TDR for the property of round 4273.70 sq. meters which involves round 46,000 sq. ft of development. This TDR was then sold allegedly by Mehta.
ED is investigating numerous financial institution accounts of Mehta and his relations. Fresh summons might be despatched to Mehta and others associated to the case, stated sources.