Massive Fraud Unveiled: Goa's Prime Properties Seized in Money Laundering Sting

The Enforcement Directorate has attached immovable properties valued at Rs 1,268.63 crore in Goa's prime locations due to a land fraud case. The group, led by Shivshankar Mayekar, allegedly used forged documents to illegally acquire lands and generate proceeds of crime, leading to Mayekar's arrest.

In a significant crackdown on fraud, the Enforcement Directorate (ED) has seized immovable properties spanning over 5 lakh square metres in Goa's premium locations. The operation falls under the anti-money laundering law and is valued at Rs 1,268.63 crore, as per the ED's statement on Monday.

The properties, situated in sought-after areas like Anjuna, Assagaon, and Ucassaim, were allegedly acquired illegally by a group led by Shivshankar Mayekar using fabricated land title documents. The ED issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on November 27.

According to the investigation, Mayekar orchestrated the scheme through fake sale deeds and other counterfeit records, even selling off parts to third parties. The law enforcement agency is expanding its probe and has requested further local police involvement to bolster its investigation.

(With inputs from agencies.)