Ludhiana, Nov. 12 -- Police have registered 10 FIRs in connection with 978 property transactions across Ludhiana, Khanna and Ludhiana Rural on Tuesday and Wednesday over suspected undervaluation of properties registered between 2013 and 2016. More FIRs are expected to be registered in connection with the case, police said.

The latest action follows a petition filed by Ludhiana-based trader and whistleblower Subhash Kundra in the Punjab and Haryana high court, alleging that properties were registered at values substantially lower than their actual market prices, resulting in losses to the state exchequer.

The extent of the suspected irregularities emerged during a scrutiny of property registration records by the district administration. ...