CBK Cracks Land Compensation Racket Worth Crores, Raids Ongoing in Bandipora and Budgam, J&K
CBK exposes multi crore land compensation fraud linked to Samba-Amargrah transmission line; raids underway in Bandipora and Budgam
Srinagar, Sept 24: The Economic Offences Wing (EOW) of the Crime Branch Kashmir has uncovered a multi crore land compensation scam linked to the 400 KV DC Samba-Amargrah transmission line, officials said on Wednesday. Multiple raids are underway in Bandipora and Budgam districts as part of the investigation.
According to the EOW, the scam involved fraudulent release of land compensation in villages Watrad, Dalabal, and Kachwari in Tehsil Khansahib, Budgam. Genuine landowners were reportedly deprived of their dues, while payments were siphoned off in the names of non-existent persons.
Preliminary investigations revealed that crores of rupees were fraudulently withdrawn through fake bank accounts by employees of M/s Unitac Power Transmission Limited, in collusion with land brokers and certain bank officials. Individuals named in the probe include Mushtaq Ahmad Lone, Bilal Ahmad Mir, and Unitac employees Ranjit Singh and Samaliya Kumar, among others. The offences are punishable under Sections 409, 419, 420, 467, 468, 471, and 120-B RPC.
The EOW confirmed that house searches at multiple locations are ongoing to uncover further details of the scam.
