Kochi: The Crime Branch will confiscate the assets of the builders Maradu flats. The Crime Branch will confiscate all the properties of the four builders. The crime branch has frozen the bank account of Holy Faith Builders worth Rs 18 crore.
The property is owned by the flat complexes of Holy Faith, Golden Bay, Jain Builders, and Alpha Ventures. The Crime Branch has issued a letter to the Revenue and Registration Departments to confiscate land and property. The bank accounts have been frozen.
The action has been initiated against them by the Supreme Court ruling that the owners of the Maradu flat can be compensated by the builders. The crime branch, under the aegis of the Department of Revenue and Registration, collects all the property and assets of all the four flat owners.
A joint meeting of the crime branch and district administration was held in Kochi yesterday. District Collector S Suhas, Sub-Collector Snehil Kumar in charge of demolishing and Crime Branch ADGP Tomin J Thachankari led the meeting. At this meeting, it was decided to confiscate the property.
Three accused including a flat builder arrested in the Marad case will be produced in court today. Holy Faith owner Sani Francis, former Marat Panchayat secretary Mohammed Ashraf and junior superintendent PE Joseph will be present at the Muvattupuzha Vigilance Court at noon. Another panchayat employee, Jayaram, was also named in the case. He is currently the secretary of Aroor Panchayat.