Panaji, 3 October (IANS) Enforcement (ED) Panaji Zonal Office’s Directorate has arrested Shivshankar Mayakar under the provisions of the Money Laundering Act (PMLA), 2002 prevention in relation to a large -scale land scam case in Goa, in an official statement.
Mayker was taken into custody on 1 October and presented before the Special Court (PMLA) in Mapusa on 2 October. The court detained the ED for nine days till 10 October.
The ED is under various sections of the Indian Penal Code on the allegations of fraud against the Communida of Anjuna, where the accused allegedly used the probe lands filed by the Goa Police on a cedar filed by the Goa police against the Goa Police, where the prior land on Survey No. 496/1-A, Anjuna was used.
Subsequently, some parts of this land were sold to the third party, generating significant income from the Crime, which became the focus of the money laundering investigation.
The ED investigation revealed that Maikar was a central person in fraud. He allegedly acquired several parcel land in Goa in the name of friends and relatives, and sold parts of these properties to individuals, allowing sales income through proxy accounts.
He then withdrew the funds to his own accounts, integrating the illegal profit.
Earlier, on 9 September, the ED conducted a comprehensive search operation and detected the documentary evidence of the land parcel acquired in the names of Maiyakar’s colleagues and relatives.
According to the ED, the prime tourist hub, such as several lakh square meters, spread to Bardez taluka in unknown and Asgao.
The agency estimates that the market value of illegally caught assets is more than Rs 1,200 crore, which is one of the largest land scams in Goa in recent years.
The ED has described Meykar as a beneficiary of one of the major conspirators and the income of crime.
Their custodial inquiry is expected to shed more light on the network of ‘benami’ transactions, potential participation of other sutters, and laundered money marks.
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SKP/CEO