Case against construction company Hiranandani, senior bureaucrat, others for Rs. 30,000-crore property scam

The Anti-Corruption Bureau of Maharashtra Law enforcement officials submitted a First Information Report in opposition to building contractor Niranjan Hiranandani and senior IAS (Indian Administrative Services) official Thomas Benjamin, currently the Additional Chief Secretary of the Urban Improvement department, as well as others, on suspicions of their participation in a property fraud worth Rs. 30,000 crore.

The fraudulent situation is concerning the allowance of 344 acres, that have been reserved for bulk housing projects, but that have been presumably utilized unlawfully by Mr. Hiranandani for constructing Hiranandani complex, a distinguished destination in Powai, Mumbai. “Pursuant to this situation that the terrain could well be useful for mass construction, government entities of Maharashtra took the choice to return the said acreage to the erstwhile land proprietors in whose Power of Attorney occured by Niranjan Hiranandani, and to decrease the acquisition procedures and the obtained land was given back to the landowners at a cost of Re. 1 per hectare,” reported by Y.P. Singh, advocate for complainant Santosh Daundkar.

“Once the complete terrain came in possession of the offender Mr. Hiranandani, he then signed a criminal fringe movement with the general public servants. In furtherance to such felony conspiracy, Mr. Hiranandani chose to cheat the less strong areas and and thus, purposely and deliberately flouted the fundamental situation on which the stretch of land was given back to the landowners within the procedures of the Urban Land (Ceiling and Regulation) Act, 1976,” the grievance claimed.

The complainant statements that if worked out in accordance with the economy price, the massive amount of the fraud will be around Rs. 45,000 crore. The ACB documented an FIR against Mr. Hiranandani, Mr. Benjamin and unidentified federal government administrators under section 13(1)(d) of the Prevention of Corruption Act, 1988, section 120-B read with section 166, 217, 409 and 420 the Indian Penal Code, sections 38, 41 of the Urban Land (Ceiling and Regulation) Act, 1976 and sections 52 and 53 of the Maharashtra Regional and Town Preparation Act, 1966.