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Resource centre on India's rural distress
 
 

Farmers take back NiMo land

-PTI

Mumbai: Farmers have "reclaimed" 125 acres in Maharashtra's Ahmednagar district, claiming that bank fraud accused Nirav Modi had acquired their plots at prices below the market rate.

A group of over 200 farmers, who arrived in bullock carts at Khandala in Karjat tehsil, symbolically reoccupied the land, ploughing a part of it using a tractor. The farmers said they would start cultivation on the entire tract soon.

They said the plots had been acquired on behalf of Nirav's Firestar company a few years ago. The land is among properties attached by the Enforcement Directorate as part of a probe against Modi, who has fled the country, said an activist. Modi and his uncle Mehul Choksi are accused of defrauding the state-run Punjab National Bank out of Rs 13,000 crore.

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