benami property

The Enforcement Directorate is conducting searches across multiple locations in Punjab as part of a money laundering probe against former DIG Harcharan Singh Bhullar. The investigation stems from a CBI case alleging illegal gratification and disproportionate assets. Searches aim to trace crime proceeds and identify benami assets.

Hazaribag authorities are investigating a Rs 28 crore treasury scam, focusing on accused police constable Shambhu Kumar. Investigations reveal purchases of land in Gaya and an SUV, along with an unauthorized construction in Hazaribag, allegedly funded by irregular financial sources. An FIR is filed, and a probe is actively underway to trace all benami properties.

In a striking move, the Economic Offences Unit of the Bihar Police conducted a thorough search at a property in Siliguri, which is suspected to be a concealed asset linked to suspended Kishanganj SDPO Gautam Kumar.

In a high-stakes investigation, ex-SDPO Gautam Kumar endured an intense five-hour interrogation at the Economic Offences Unit concerning his supposed unaccounted wealth. The inquiry is delving into his network and communication records, revealing a potential fortune of ₹80-90 crore, possibly tied to smugglers and organized crime figures. Authorities plan to conduct further questioning once the assets are thoroughly assessed.

Bihar Police's Economic Offence Unit is investigating former Kishanganj SDPO Gautam Kumar for disproportionate assets. The probe revealed SUVs registered under associates and allegations of properties worth crores. Investigations also point to a personal relationship with Shagufta Shamim, with whom properties and significant gold jewellery were found. The SDPO allegedly possessed assets over 60% higher than his known income.

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Bihar's Special Vigilance Unit launched an operation targeting Sheohar's Deputy Development Commissioner, Brijesh Kumar, in a case involving disproportionate assets. The investigation revealed a staggering Rs 1.84 crore in illicit assets, far surpassing his disclosed earnings. Authorities seized properties tied to his wife's name during the raid, which intensified focus on possible concealed wealth and questionable financial dealings.

After the demonetisation drive that led to seizure of thousands of crores in illegal wealth in Madhya Pradesh, the Income-Tax department has launched a fresh crackdown, this time on benami properties.

The income tax (I-T) department has identified a large number of benami transactions and has registered 235 cases up until February and attached properties worth more than Rs 55 crore.

The government proposes to make the rules regarding benami property ownership much more stringent than they are currently.

A day after the Union Cabinet approved a proposal to bring a new law making ‘benami’ properties liable for confiscation, a section within the government on Friday expressed reservations over certain provisions, stating that they remained "vague" and therefore would not serve the actual purpose.

Assets worth Rs 18.14 crore belonging to alleged benami entities of the Unitech group have been attached under the anti-money laundering law, the Enforcement Directorate said. The attached properties include a Gurgaon (Haryana) located multiplex, six commercial properties in Gurgaon and Lucknow (Uttar Pradesh) and two dozen bank accounts and fixed deposits. The book value of these assets is Rs 18.14 crore, it said.

As BJP-led Narendra Modi government at the Centre goes tough against black money, the Shivraj Singh Chouhan government has initiated a move against `benami’ property holders. Revenue minister Uma Shankar Gupta said that he has instructed all collectors to prepare a list of `benami’ properties

Agencies including the income-tax department have started collected details of benami properties in Marathwada region, as a prelude to a crackdown on black money.

The income tax department has named Lalu Prasad’s wife Rabri Devi, four of their children and a son-in-law under the stringent Benami Transactions (Prohibition) Act for being alleged beneficiaries of a dozen-odd benami properties in Delhi and Patna worth over Rs 170 crore.

Justice K C Puri of the HC, hearing a petition filed by Garja Singh of Nayagaon village in Mohali district, has also issued notices to Sanjeev Gupta and SSP Mohali.

BJP MLA from Mandsaur seat in Madhya Pradesh Yashpal Singh Sisodia wants revenue department to get the help of informers to identify `benami’ properties in the state. “I come from an area which is the largest producer of opium and both the police and narcotics departments deploy informers to stop smuggling of brown sugar. It is a very effective method of getting correct information,” Sisodia told reporters.

Once nature of ownership of property is established as benami - it is liable to be confiscated by the central government. This means, irrespective of the age of Tejashwi and his sister Misha Bharti at the time of alleged acquisition of benami properties, these are liable for confiscation by central government agencies.

The Income-Tax department of the UP region has taken further action against the deceased mafia figure Atiq Ahmad. It has attached several land parcels in Prayagraj district that are held by a security guard who holds a Below Poverty Line (BPL) card.