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November 2019
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Crime branch freezes Rs 18 crore in Maradu flat builders accounts
 
Kochi, Oct 16 (UNI) Crime Branch has frozen Rs 18 crore in the bank accounts of the builders of Maradu flats. The Crime Branch officials will give letter to the registration department and revenue department requesting to attach all properties of the builders.

After the Supreme Court ordered to attach the properties of the builders only Rs 18 crore from their bank accounts were frozen. The procedures to attach other properties is yet to start.

In order to initiate procedures, Crime Branch has requested the top officials of the departments to provide details of properties of builders across the state. They are also moving to attach the properties of other companies involved in the flat construction. Crime Branch has collected details of about 200 bank accounts of the builders.

They have decided to charge case against the builders of Golden Kayaloram flats which escaped from legal procedures as there are no complaints against them. Crime Branch is planning to review the decision.


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