Wanted hawala operator Nandkishore Chaturvedi's 200 crore property attached in Lucknow

New Delhi, April 18

The Income Tax department has attached a 200-acre property in Lucknow being controlled by Nandkishore Chaturvedi, one of the country's biggest and most wanted Hawala operators. Chaturvedi. 

Nandkishore Chaturvedi is wanted in multiple cases by the CBI, Enforcement Directorate and Income Tax department.

In this said case, it is learnt that Chaturvedi and his associates allegedly utilised a network of eight Benami companies and LLPs to orchestrate the acquisition of land for a massive 200-acre township project. Under the guise of legitimate business activities, Chaturvedi and his associates used True Live Homes Private Limited to secure licenses for the integrated township.

The investigation revealed that True Live Homes Pvt Ltd acquired over 54 acres of land in villages Madharmau Khurd and Bakkas in Lucknow. These acquisitions were made under the names of associated companies with little to no actual value.

Furthermore, it was found that the consortium led by True Live Homes Pvt Ltd did not meet the minimum eligibility criteria set by the Uttar Pradesh Government for obtaining a township license. Despite the apparent shortfall in turnover and net worth, false information was allegedly presented to the Lucknow Development Authority (LDA) to secure the license.

In 2022, the Enforcement Directorate unearthed that Chaturvedi's shell company, Humsafar Dealers Pvt Ltd, gave unsecured loans to firms owned and controlled by Uddhav Thackeray’s brother-in-law, Shridhar Patankar. Hamsafar Dealers Pvt Ltd is the same company which had given unsecured loans to a firm named Saibaba Grihanirmiti of Shridhar Patankar.

The Enforcement Directorate had attached 11 residential flats in Neelambari Project Thane of the firm Shree Saibaba Grihanirmiti Pvt Ltd in March 2022.