The Enforcement Directorate (ED), Chennai, has provisionally connected immovable belongings well worth ₹6.35 crore belonging to B. Madhan of Vendhar Movies below the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

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A few days in the past, the ED registered a case towards Madhan based totally on a FIR filed with the aid of the Central Crime Branch. According to the FIR, Madhan accumulated ₹ninety one crore promising admission to SRM Medial College in 2016 and absconded. More than a hundred thirty mothers and father filed court cases against him.

During the investigation conducted beneath PMLA, the victims said that they had paid amounts ranging from ₹50 lakh to ₹1 crore to Madhan for admitting their wards. Only later did they understand that he had absconded with the coins. The SRM control, on the identical time, introduced they had not anything to do with Madhan.

“This exercise is likely to be completed in nine months. The SDMC had collected property tax worth Rs 900 crore during the financial year 2016-17 from nearly 4,50,000 tax-payers. As per the Delhi Municipal Corporation Act, all building and vacant land are liable to pay property tax,” the civic body said in a statement.

As in line with an assertion issued by way of KSVV Prasad, Joint Director, Enforcement Directorate, Chennai, Madhan, in his voluntary statements, had internal admitted that he had amassed approximately ₹91 crore from 133 parents for admission in MBBS/PG seats at SRM Medical College.

However, he claimed that he had paid those quantities on a weekly foundation to the SRM management. The SRM management denied the equal and stated Madhan had no function of their admission manner.

No source of profits

During research, it becomes located that Madhan had received numerous properties all through this era and did no longer display any legitimate source of earnings for purchasing them.

“Thus, it stands to motive that the identical are obtained the usage of the proceeds of crime and hence are concerned in cash laundering,” in step with the ED.

Property proprietors in municipal areas of Haryana pay their property tax dues and arrears for the years 2010-11 to 2016-17 with a one-time rebate of 15 in keeping with cent with the aid of July 14, 2017.

One-time waiver of interest on the arrears of assets tax could be allowed to all tax payers if their arrears are paid via August 31, 2017, Urban Local Bodies Minister Kavita Jain said right here these days, in keeping with an official launch.

 

She said 1 according to cent rebate might additionally take delivery of if the price of assets tax is made on line.

She stated that exemption of 25 per cent changed into being given to those property proprietors who clean all of the belongings tax dues and arrears.

As the scheme was receiving an overwhelming reaction from the people, Chief Minister Manohar Lal Khattar has permitted to extend the scheme, she stated.

“The department is going to use the maps obtained from Geospatial Delhi Ltd. Based on the maps, the field surveyors will be visiting all properties and collecting data necessary to calculate the property tax liability and the details of tax paid by the property owner.