India: Money laundering lens on Gurugram land scam

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March 4 2019

 A CBI FIR has cited alleged irregularities in the acquisition of 1,417 acres of land

The Enforcement Directorate is initiating a money laundering probe based on an FIR recently lodged by the Central Bureau of Investigation for alleged irregularities in the acquisition of 1,417 acres of land in Gurugram between 2009 and 2012.

The land was later released by the Haryana government and development licences issued to real estate firms, which had bought the plots from their owners at lower rates.