The Enforcement Directorate (ED) has launched a major crackdown on former Noida Authority officials and private builders involved in a multi-crore land fraud case. In a series of raids conducted across Delhi and Noida, the ED seized assets worth over ₹42 crore, including cash, jewelry, and properties.
The case revolves around allegations of collusion between Noida Authority officials and private builders to illegally acquire valuable land in prime locations within the city. The ED’s investigation has revealed that these officials, in exchange for bribes, facilitated the allotment of land to private builders at significantly undervalued rates. The builders, in turn, profited handsomely from the subsequent development and sale of the land.
The ED’s action has sent shockwaves through the real estate sector in Noida. The seizure of assets belonging to former officials and builders involved in the fraud highlights the gravity of the allegations and the potential for corruption within the Noida Authority.
This case is likely to intensify scrutiny of land allotment practices in Noida and other urban areas in India. The ED’s investigation is ongoing, and further arrests and seizures are expected as the probe deepens. The outcome of this case will have significant implications for the future of land development and governance in Noida and other cities across the country.
