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High-rise scam: Rs 72L linked to HMDA ex-director Siva Balakrishna seized; real estate links under lens

Summary by Times of India
Enforcement Directorate investigates Siva Balakrishna, suspended HMDA director. Searches reveal suspicious real estate deals and unaccounted cash. The probe links to alleged illegal gratification for project clearances. Raids on realtors uncover incriminating documents. Balakrishna is suspected of amassing disproportionate assets. Illicit payments were received for approving building plans. The investigation continues to trace money flow and ide…

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Times of IndiaTimes of India
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High-rise scam: Rs 72L linked to HMDA ex-director Siva Balakrishna seized; real estate links under lens

Enforcement Directorate investigates Siva Balakrishna, suspended HMDA director. Searches reveal suspicious real estate deals and unaccounted cash. The probe links to alleged illegal gratification for project clearances. Raids on realtors uncover incriminating documents. Balakrishna is suspected of amassing disproportionate assets. Illicit payments were received for approving building plans. The investigation continues to trace money flow and ide…

·India
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Times of India broke the news in India on Saturday, July 26, 2025.
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