Latest StoriesRegulatory

ED uncovers property records tied to ex-Vasai-Virar chief

MUMBAI: The Enforcement Directorate (ED) has confiscated several documents related to properties associated with Anil Pawar, the former civic chief of the Vasai-Virar City Municipal Corporation (VVMC), during searches conducted at 12 locations linked to him this week. According to ED sources, Pawar allegedly “established multiple entities in the names of family members, relatives, and benamidars to facilitate money laundering of bribed funds.” The sources further revealed, “The creation of these shell entities aligns with his tenure as VVCMC commissioner in 2022, engaging largely in cash-intensive businesses such as construction and redevelopment.” Investigations by the ED uncovered a systematic cartel…

Latest StoriesRegulatory

Architects, Officials Colluded for Illegal Construction: ED

NEW DELHI: A significant cartel, comprising architects, chartered accountants, and officials of the Vasai Virar City Municipal Corporation in Maharashtra, has been implicated in extensive illegal construction on land designated for sewage treatment plants. According to the Enforcement Directorate (ED), these individuals sold this land fraudulently to the public. The federal agency confirmed that on July 1, they conducted searches at 16 sites related to a money laundering investigation concerning 41 illegal buildings in the Vasai Virar area. During these raids, the ED froze bank deposits and mutual funds valued at ₹12.71 crore and seized ₹26 lakh in cash, along…