Now Reading: Tribunal Denies Immediate Release of Ram Charan’s Rs 14 Crore Plots
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Tribunal Denies Immediate Release of Ram Charan’s Rs 14 Crore Plots
The SAFEMA Appellate Tribunal has refused immediate release of four Boulder Hills villa plots valued at Rs 14.1 crore, including one claimed by actor Ram Charan and another by former Andhra cricket…
The Story in Brief
The SAFEMA Appellate Tribunal has refused immediate release of four Boulder Hills villa plots valued at Rs 14.1 crore, including one claimed by actor Ram Charan and another by former Andhra cricket captain V Chamundeswaranath. It directed the buyers to prove before a special PMLA court that they paid through accounted funds and had no link to the alleged money laundering offence.
The case relates to an ED attachment in the Emaar-APIIC project at Manikonda. The buyers claim they paid 95% of the price and were affected by developer misdeclarations. The ED says the plots remained unsold and that unregistered sale agreements do not establish ownership. It may reverify the claims and report to the trial court.
The Indian Opinion
The easy claim that celebrity buyers are either automatically innocent or automatically complicit does not fit the record. The tribunal found gaps in the evidence, including the absence of a sale agreement from Ram Charan and payment details from another buyer, while acknowledging that bank records and other documents may support some claims. The fair test is whether the PMLA court accepts the documents, payment trail and developer records, not public profile.
Source: timesofindia.indiatimes.com
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