In an new way of attachment notice ., Enforcement Directorate (ED) has provisionally attached 45 acres of land in Coimbatore that belongs to a company linked for DMK MP A Raja under the provisions of Prevention of Money Laundering act.
But the notice however failed to give quantitative details how Former Union minister is connected to the deal .
In a press release, ED said that the land worth Rs 55 Crore was purchased from the bribe money received from one of the largest real estate companies for environmental clearance when Raja was the cabinet minister, ministry of environment and forest during the period 2004-2007.
FACT CHECK : ENFORCEMENT PERFORMANCE AT NADIR
If we look at the last 17 years, since the criminal law was enacted, the Enforcement Directorate has filed more than 5,400 money laundering cases and it has secured conviction against just 23 persons till now.
The ED’s conviction rate is as low as 0.5% even after the dramatic increase in raids.
ED press release said the real estate firm, based in Gurugram and listed on Bombay Stock Exchange (BSE), was granted the environmental clearance in 2007 and Raja allegedly received a kickback from the company in the garb of land commission income in the hands of one Benami company of A Raja.
ED said that Raja incorporated the company in the same year 2007 in the name of his family members and his close family friend, “with the sole objective of using it as a vehicle to park the proceeds of crime”.
The said company was never engaged in any business activity since inception and the entire money received in the company was quid pro quo from the real estate deal and was used for acquiring land in Coimbatore, the release from ED said.
