ED attaches assets worth Rs 60 cr in Bengaluru over illegal land transfer
ED has attached assets worth nearly Rs 60 crore of the Church of South India Trust Association (CSITA) in Bengaluru for alleged illegal transfer of land leased to it by the Defence Ministry
 "Enforcement directorate")
Enforcement Directorate
The Enforcement Directorate (ED) has attached assets worth nearly Rs 60 crore of theChurch of South India Trust Association (CSITA) in Bengaluru for alleged illegal transfer of land leased to it by the Defence Ministry.
In a statement, the ED said the attached assets are in the form of fixed deposits maintained and available with the State Bank of India and the action has been initiatedunder provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
According to the ED, investigation was initiated on the basis of an FIR registered at Ashoknagar Police Station, Bengaluru, against the CSITA for allegedly "dishonestly" entering into an arrangement for transfer of the title of a piece of land measuring 7426.886 square metres belonging to the Ministry of Defence.
The land was earlier leased to the All Saints Church in Bengaluru.
Part of the precinct where the All Saints Church, Bengaluru, is situated, has been allegedly transferred to Bangalore Metro Rail Corporation Limited (BMRCL), a Karnataka government undertaking, by the CSITA to receive a compensation of Rs 59.29 crore in 2019.
The BMRCL had acquired the said land through the Karnataka Industrial Areas Development Board (KIADB).
ED attaches assets worth Rs 60 crore of CSITA in Bengaluru Shemin Joy DHNS Last Updated : 09 September 2020, 20:13 IST DHNS Follow Us : 0 The Enforcement Directorate has attached assets worth Rs 59.29 crore of the Church of South India Trust Ass...
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