- LATEST
- WEBSTORY
- TRENDING
VIRAL
Ed raids ex-IAS, Noida Authority CEO's house, Rs 1 crore cash, Rs 19 crore jewellery recovered
The land scam is based on the infamous 10% policy of the Noida authority for the allocation of the land
Updated : Sep 19, 2024, 09:21 AM IST
 "Ed raids ex-IAS, Noida Authority CEO's house, Rs 1 crore cash, Rs 19 crore jewellery recovered")
TRENDING NOW
)
Meet Indian genius, IIT graduate who left Rs 1 crore salary job for UPSC exam, secured AIR 1 in 1st attempt, posted in..
)
'We have...': When Aishwarya Rai Bachchan shared why she 'fights everyday' with Abhishek Bachchan
)
Nita Ambani, Isha Ambani play dandiya with Jeh Ali Khan, classmates during Dussehra Assembly, check viral pics
)
Meet 'world's sexiest woman', actress who worked in B-grade films, dated Rohit Sharma; later quit Bollywood to become...
)
Kangana Ranaut reacts to Konkana Sen's 'casteism, classism in film industry' remark: 'You will get respect only when...'
)
Meet Shah Rukh Khan's spiritual guru, who is Salman Khan, Aamir Khan's close friend, owns business worth Rs...
)
Inside pics of Jamnagar's new king Ajay Jadeja's luxurious house
)
This man finished PhD at just 21, was IIT professor at 22, was later sacked from IIT Bombay because...
)
Amid Aishwarya Rai, Abhishek Bachchan's divorce rumours, did Aaradhya meet Salman Khan? Truth behind viral video
)
10 times XXX show actress Aabha Paul raised temperature with swimwear pics
)
Post-mortem report of Malaika Arora's father Anil Mehta reveals real cause of death: 'He died due to...'
)
Shilpa Shetty breaks down, Salman Khan cancels shoot; celebs rush to Lilavati hospital after Baba Siddique shot dead
)
Bigg Boss Tamil's Oyiva's private video leaks online, actress says 'next time...'
)
Pakistan Under Lockdown: No schools, colleges, ban on marriages till 16 October due to...
)
32-year-old superstar forcibly kissed 15-year-old co-star; left her traumatised, crying; later laughed about it saying..
The Enforcement Directorate (ED) has conducted searches at several premises connected with Mohinder Singh, a former IAS officer and the former CEO of Noida Authority. He is directly involved in the Rs 9000 crore land scam, which took place during the Mayawati government, where the land allotments are alleged to have been used for personal benefits. In the operations carried out in Chandigarh, Noida, and Delhi, the police forces managed to seize Rs 1 crore in cash and diamonds worth Rs 12 crore, besides gold worth Rs 7 crore.
The land scam is based on the infamous 10% policy of the Noida authority for the allocation of the land, and Singh is alleged to have helped many big real estate companies, including Amrapali and Supertech.
This scheme was alleged to have enabled developers to buy the land at throwaway prices, thus resulting in a huge loss to the state coffers. The Comptroller and Auditor General (CAG) of India has pointed out that the Noida Authority committed massive fraud in the period between 2005 and 2018 and provided evidence of a clear collusion between officials and builders, which cost the government tens of thousands of crores.
The CAG report revealed that many plots were sold without following a proper bidding system, and in many cases the developers were favoured by the arbitrary decisions of the authority. The report also indicated that about 80% of commercial plot allotments during this period were secured by just three firms: the major competitors of this company are Wave Group, 3C Group, and Logix Group. These companies had a large amount of outstanding receivables, but they never suffered any consequences of the Noida Authority.
While the investigations go on, the ED is also looking at other domestic and international properties associated with Singh. The effects of this scandal have led to questions arising on the government within these institutions and the requirement of increased measures in order to reduce corruption among the officials involved in such processes.
