New Delhi, March 12 -- The Enforcement Directorate (ED), Bengaluru Zonal Office, today said that it has filed a chargesheet in a TDR scam involving Valmark Realty Holdings Private Limited (VRHPL) along with 19 other accused, including certain officials of the Bruhat Bengaluru Mahanagara Palike (BBMP).
"TDR/DRC means an award specifying the Built-Up Area (BUA). An owner of a site or plot can either sell or utilise it in-situ or elsewhere in lieu of the land foregone on account of compulsory acquisition of land free-of-cost by the Urban Local Body, which is required to be set apart for public purposes as per the Master Plan or for road widening, recreational use zones, etc.," an ED official said.
The ED initiated a probe under the Preventio...