The Enforcement Directorate (ED) on Saturday arrested Ajay Sehgal in connection with a money laundering case linked to the alleged GMADA and Change of Land Use (CLU) scam involving the Suntec City project. Sehgal is expected to be produced before a court later this afternoon.
Details of the Alleged Scam
According to the ED, CLU approvals were allegedly obtained using forged consent letters that carried fake signatures and thumb impressions of landowners. The agency further alleged that unauthorised projects generated illegal sales worth more than Rs 200 crore. The investigation is also focusing on the possible involvement of officials from GMADA and the Town Planning department.
Ongoing Investigation
The ED is continuing its probe into the matter, examining financial transactions and the role of various individuals and entities. The arrest marks a significant step in unravelling the scam, which has raised concerns about irregularities in land use and project approvals in the region.
