One more held for ₹126 cr Yamuna e-way land fraud

NOIDA: The Gautam Buddh Nagar police Friday arrested one more director of a private builder’s firm for his alleged involvement in a land fraud, estimated worth ₹126 crore, linked to the Yamuna Expressway Industrial Development Authority (YEIDA), officials said.

The accused, Satendra Chauhan, in his 40s, of Data Infrastructure has been nabbed in the case for alleged fraud and corruption, a senior police officer said. Another of the firm’s director, Ramesh Bansal, was arrested Wednesday, the police said. “Chauhan was picked up by a team of Kasna police station this morning from his home in Ghaziabad over his alleged role in the Rs 126 crore land fraud of Yamuna Expressway Authority,” Circle Officer, Greater Noida 1st, Nishank Sharma said.

He was being produced in a court in the afternoon where the police was to appeal for his custody to gather more information from him related to the case, Sharma said.

According to the police, the accused YEIDA officials, including a former CEO, in tie-up with some private firms had purchased around 57 hectare “useless” land in 2014 from seven villages of Mathura in lieu of compensation to their owners by the Authority. But the compensation amount was much higher than what was defined by the Authority for such purchases. Also in doing so, the accused not only caused loss to the YEIDA but also made personal gains fraudulently, the police said.