SRINAGAR: The Economic Offences Wing of Crime Branch Kashmir on Wednesday said it has busted a multi-crore land compensation scam and conducted raids in Bandipora and Budgam districts.
According to an official statement, the Economic Offences Wing carried out multiple searches in connection with a case of fraudulent land compensation claims related to the 400 KV DC Samba-Amargrah Transmission Line.
The case was registered following a complaint alleging that compensation for land falling under the transmission line in villages Watrad, Dalabal, Kachwari Tehsil Khansahib, Budgam, had been fraudulently released in favour of non-existent persons, while genuine landowners were deprived.
The investigation has revealed that compensation worth crores of rupees was fraudulently withdrawn in the names of bogus persons through fake bank accounts by employees of M/s Unitac Power Transmission Limited, in connivance with land brokers and certain bank officials.
The involvement of Mushtaq Ahmad Lone S/o Mohammad Akbar Lone R/o Watrad Dalabal Tehsil Khansahib, Budgam; Bilal Ahmad Mir S/o Gh. Ahmad Mir R/o Patushai Watpora, Bandipora; Ranjit Singh and Samaliya Kumar (employees of M/s Unitac Power Transmission Limited); along with others has surfaced.
The offences are punishable under Sections 409, 419, 420, 467, 468, 471, and 120-B RPC.
Officials added that further house searches at multiple locations are underway.
