ED Attaches Assets Worth ₹152.5 Crore in Fake Office and Housing Scams
· India · The Hindu, Indian Express, Times of India
The Enforcement Directorate provisionally attached movable and immovable properties worth ₹152.5 crore on August 17, 2026, across two separate money-laundering investigations in Gujarat. The Ahmedabad zonal office seized ₹22.7 crore in connection with a fake government office racket in Dahod district, where six bogus Irrigation and Water Resources Department offices were created to siphon off public funds for 121 fake works. Former IAS officer B.D. Ninama and key accused Abubakar Jakirali Saiyad were among those implicated in forging seals and securing fraudulent grants. Separately, the agency attached ₹129.80 crore worth of immovable properties in a real estate housing fraud case in Ahmedabad that cheated numerous homebuyers.
Why it matters
The asset attachments target high-level administrative corruption and real estate fraud, signalling stricter enforcement against financial crimes involving former public officials.
Read the original report — The Hindu
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