GG News Bureau
Bengaluru, 10th July: The Enforcement Directorate (ED) has arrested Ravi Yallappa Kurbett in connection with the Karnataka Industrial Area Development Board (KIADB) double compensation scam, a high-profile money laundering case involving fraudulent disbursal of land compensation.
The arrest, made by the ED’s Bengaluru office, is linked to ongoing investigations into VD Sajjan, a retired Special Land Acquisition Officer, and others. Kurbett was produced before a special PMLA court on Wednesday and was remanded to ED custody for further questioning.
According to the agency, Kurbett played a crucial role in orchestrating and benefiting from the scam, which involved duplicitous compensation claims — often in the names of deceased individuals or those already paid. He allegedly siphoned off large sums and used the proceeds to buy properties, both in his name and those of relatives, and also spent significantly on personal expenses.
The ED had previously attached immovable assets worth ₹13 crore in the case. A prosecution complaint naming 22 accused persons has been filed, and the PMLA court has taken cognisance. The case remains under trial as further investigations continue into the money laundering network and other beneficiaries.
