What is the Rs 150 crore land scam in Jaipur?
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Synopsis
In a major crackdown in Jaipur, the ED has launched an investigation into a massive land scam worth Rs 150 crore. This operation targets accused realtor Gyan Chand Agarwal, who allegedly deceived over 300 investors. The discovery of unaccounted cash and digital evidence raises significant questions about the extent of fraudulent activities.
Key Takeaways
- The ED is investigating a Rs 150 crore land scam in Jaipur.
- Over 300 investors have reportedly been defrauded.
- Unaccounted cash and incriminating documents were seized.
- Gyan Chand Agarwal has a history of fraudulent activities.
- Regulatory oversight is essential to protect investors.
Jaipur, Sep 6 (NationPress) In a significant operation against a Rs 150 crore land scam in Rajasthan that may have national and international financial connections, the ED executed searches at multiple locations in Jaipur associated with the controversial realtor Gyan Chand Agarwal, as reported by an official on Saturday.
The operation spanned two days, Wednesday and Thursday, and was linked to ongoing investigations into money laundering activities by Agarwal, who is accused of deceiving more than 300 land buyers.
During these search operations, the ED uncovered unaccounted cash along with various incriminating documents related to the illicit acquisition of foreign companies and assets through questionable methods, according to an official statement.
Additionally, documents have surfaced indicating that funds were illegally siphoned abroad via shell companies and invested in various business ventures, including mining activities.
The federal agency also confiscated digital evidence, such as hard drives, mobile phones, and other devices, which highlighted extensive illegal transactions orchestrated by the accused.
The ED's investigation was triggered by several FIRs filed by the Rajasthan Police against Agarwal, a Jaipur native with a history of major frauds linked to land grabbing, defrauding numerous individuals and corporations for hundreds of crores.
Due to his extensive illegal activities, over 300 FIRs have been lodged against him in Jaipur alone, with numerous additional cases reported statewide, as stated by the ED.
Agarwal’s long-standing criminal history led Rajasthan Police to label him a history-sheeter.
According to the FIRs, the accused, in collusion with his associates, misled investors by creating forged documents and providing false promises. There are also multiple outstanding arrest warrants issued against him by various courts, which remain in effect, as noted by the ED.
The police reports claim that Agarwal has defrauded various investors of over Rs 150 crore, with the ED stating that further evidence is being scrutinized to uncover the full scope of the fraudulent activities conducted by Agarwal and his accomplices.
Point of View
It is crucial to emphasize that the uncovering of the Rs 150 crore land scam not only highlights serious concerns in real estate transactions but also underscores the need for rigorous regulatory oversight to protect innocent investors.
NationPress
06/09/2025
Frequently Asked Questions
What is the Rs 150 crore land scam about?
The Rs 150 crore land scam involves realtor Gyan Chand Agarwal, who is accused of defrauding over 300 investors through fraudulent land transactions.
What evidence has the ED seized?
The ED has seized unaccounted cash, incriminating documents, and digital evidence, including hard drives and mobile devices, related to illegal transactions.
How many FIRs have been filed against Agarwal?
Over 300 FIRs have been lodged against Gyan Chand Agarwal in Jaipur alone, with many additional cases reported across Rajasthan.
What actions have been taken against Agarwal?
Agarwal has been declared a history-sheeter by the Rajasthan Police, and multiple arrest warrants are still active against him.
What are the implications of this scam?
This scam raises significant concerns regarding investment safety in real estate and the need for stricter regulatory measures to prevent fraud.
