Bangalore: Lokayukta Unearths Rs 107 Crore Fraud in KIADB
Bangalore, Sep 22 (PTI): A major racket involving crores of rupees in payment of compensation to lands acquired by Karnataka Industrial Area Development Board (KIADB) for industrial projects has been busted, Lokayukta Santosh Hegde said today.
Investigations after a raid against five KIADB officials "shockingly" led to the unearthing of payment of compensation to private parties by the Board even for government land it acquired and one of the beneficiaries of the largesse was the son of a "powerful" state politician, he said here.
"We had received many complaints about wrong distribution of government land acquisition money in Bagalur and when we looked into it we found that a fraud of over Rs 107 crore had been committed. Compensation for government land which had been acquired was found to have been paid to private persons, including a politician's son," Hegde told PTI.
Lokayukta raided the premises of five KIADB officers and a private individual, and seized official documents from the individual's house which was unauthorised, he said. "We also seized cash of Rs seven lakh, Rs 4.5 lakh and Rs three lakh from the houses of three of the five officers," he added.