ED attaches assets in case involving late builder Yusuf Lakdawala | Mumbai News – Times of India | IIT EXPERT

MUMBAI: Enforcement Directorate (ED) has attached immovable properties worth Rs. 1.8 crore at Maval, Lonavala, in connection with a money laundering case it investigating against late builder and film financier Yusuf Lakdawala and others.
The ED had arrested Lakdawala in the case on May 2021 and subsequently filed a chargesheet against him along with others.Yusuf Lakdawala died in jail in Sep 2021. The ED continued the investigation.
Lakdawala had allegedly grabbed a piece of land belonged to eminent writer Mulk Raj Anand who had purchased it from Nizam of Hyderabad. After Mulk Raj Anand’s death, Yosuf with help of his other associates had forged the documents. They showed that Yusuf’s father had purchased this land from the Nizam in 1949, and he is the owner. In 2019, the Mumbai Police registered a cheating and forgery case against Lakdawala for grabbing the land of Mulk Raj Anand. Based on that the ED registered a money laundering case.
ED’s investigation revealed that Yusuf Lakdawala had forged various documents related to the land parcel with dishonest intentions and submitted them to the Revenue Department to usurp the land by making changes in the property records. However, the forgery was detected, and the fraudulent transfer of land remained unexecuted. Lakdawala used Rs. 2 Crore as commission for the criminal activity related to the scheduled offence, disguising it as payment to Mohan Nair for surrendering the Power of Attorney, said the ED.

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