Investigation reveals Rs 27.1 crore illicit gains from Goa property

A comprehensive financial investigation by the Enforcement Directorate has uncovered that the accused parties amassed roughly ₹27.10 crore through a fraudulent land‑sale and development scheme in Goa. The scheme began with the illegal registration of a Karanjalem plot in the name of the Archdiocese of Goa and Daman after tampering with official records.

The land, originally held under a tenancy arrangement since November 2004, was sold on April 9, 2007, for just ₹61.97 lakh to a private real‑estate developer. The developer proceeded to build a mixed‑use complex, and the sale of the completed units generated the huge illicit windfall.

The ED has provisionally attached assets equivalent to the alleged proceeds, including a hotel‑restaurant complex and two additional properties. The agency maintains that these assets are either direct proceeds of the crime or hold comparable value. The prosecution complaint has now been filed, and the Special PMLA Court will hear the case in the coming weeks.