Mumbai: Special PMLA Court Rejects Release Of 1,741 Acres Of Land Attached In HDIL-PMC Bank Scam
Mumbai, October 13, 2026: The special PMLA court has refused to release 1,741.69 acres of agricultural land adjacent to the proposed Vijaydurg Port in Sindhudurg to the Maharashtra Maritime Board for completing the development. The land was attached by the Enforcement Directorate during the money laundering probe into the HDIL-PMC Bank scam. The court said that although the land was attached by…
The special PMLA court has denied releasing 1,741.69 acres of land near the Vijaydurg Port in Sindhudurg for the Maharashtra Maritime Board's development. This land was seized by the Enforcement Directorate during the probe into the HDIL-PMC Bank scam. The court stated that while the land was attached under the PMLA due to the scam, the attachment is currently under appeal.
The Maharashtra Maritime Board approached the court for the release of the land, claiming it was necessary for the port's operation. They argued that the project would benefit the public by developing maritime infrastructure and boosting the state's economy. However, the court noted that the land was attached as proceeds of crime since it was allegedly acquired by a sister company of HDIL and held by the owners of VPPL, the company that failed to complete the Vijaydurg Port project.
The court also criticized the Enforcement Directorate for not initiating the trial in the case and delaying the release of the land.
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