Chandigarh, Oct. 23 -- The Enforcement Directorate's ongoing money-laundering probe into alleged irregularities at the Greater Mohali Area Development Authority (GMADA) has revealed that officials continued to allot prime residential plots under the oustee policy at heavily discounted, outdated rates for seven years, costing the Punjab government nearly Rs.400 crore.

The irregularities came to light while compiling a comprehensive report last week, said Enforcement Directorate (ED) officials privy to the probe.

Until 2025-26, allotment letters continued to be issued at the 2018 rate of Rs.25,000 per square yard, even as land prices rose nearly threefold to Rs.65,000 per square yard in seven years, the investigation has found.

The ouste...