Archive · 16 Aug 2025

ED Seizes Assets in BBMP TDR Scam Investigation

ED Seizes Assets in BBMP TDR Scam Investigation

Imagine a system where landowners give up land for public projects and get certificates they can sell.

This case involves a scam where fake owners and brokers made up documents to get these certificates illegally.

They sold them to real estate companies, making a lot of money, while the city lost out.

The ED, which investigates financial crimes, found that officials, developers, and brokers worked together to cheat the system.

They have seized properties worth millions and are looking for more assets and people involved.

Sources