Investment Law · Property Law

BENAMI – Transactions to ‘defraud’ the Government

The entire episode of Adarsh Housing Scam revealed glaring examples of dereliction of duty and severe lack of probity and accountability which needs to be very seriously investigated. This case engaged the attention of national headlines. It is for the Parliament and the Government to ensure that public trust is not betrayed. This incident proves the negative impacts of transactions by the use of proxies i.e. Benami Transactions.