In the Juhu Taj Slum Rehabilitation scam case, the Directorate of Enforcement (ED) has temporarily attached movable and immovable properties valued at Rs. 6.935 crore. The aforementioned properties comprise fixed deposits held by Shailesh Savla and his spouse, Smt. Jayshree Savla, as well as one residential apartment in the Victorian Anchor Building in Parel, Mumbai.
In accordance with the PMLA, 2002, ED opened an investigation against Shailesh Savla and other parties. The issue concerns inconsistencies in the distribution of shops and residential accommodations under the Juhu Taj Slum Rehabilitation Scheme to individuals who are not associated with the slum. This is done by M/s Kunal Builders & Developers, which is owned by Shailesh Savla, using fraudulent documents.
In addition, the building was completed without the required Commencement Certificate. Furthermore, M/s Kunal Builders & Developers cheated one company, M/s Chintan Lifespaces LLP, on the false pretence of transferring the free sale component of the Juhu Taj Slum Rehabilitation Scheme.
Shailesh Savla defrauded M/s Chintan Lifespaces LLP and the Maharashtra government of Rs. 112.5 crore in this way. The Enforcement Directorate (ED) has already placed temporary attachments on real estate worth Rs. 45.43 crore in the names of Shailesh Savla and businesses that he owns or controls.
Following an investigation, it was discovered that Shailesh Savla and his wife, Smt. Jayshree Savla, had both movable and immovable properties. The ED has since attached these properties. Additional research is currently being conducted.
