Thirteen individuals have been booked for alleged involvement in irregularities concerning the redevelopment of buildings on government-leased land, with local police claiming the amount involved may be upwards of ?200 crore.
As per the FIR filed, a firm was awarded the contract to redevelop 18 buildings on land leased to housing societies by the state housing authority. The firm allegedly used a fake mortgage deed to obtain a loan of ?200 crore from another company. However, this amount was reportedly not used for the redevelopment of the buildings. The loan was obtained by mortgaging the land on which the buildings stand. The NOC for this mortgage was allegedly given by the chairperson of one of the housing societies without taking the consent of residents or the housing authority.
The probe is underway to uncover the full details of the irregularities. No arrests have been made so far.
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