Karnataka Wakf Board Land Scam
The Karnataka Wakf Board Land Scam concerns the alleged misappropriation of 2000 billion (US$31 billion) in Indian property funds, made public by a report submitted by the Karnataka State Minorities Commission in 2012.
In March 2012, Anwar Manippady, the Chairman of the Karnataka State Minorities Commission submitted a report to the chief minister of Karnataka state, D.V. Sadananda Gowda, which alleged that 27,000 acres of land controlled by the Karnataka Wakf Board had either been misappropriated or allocated illegally. The value of the land has been estimated at Rs2 trillion (short scale) (US$39 billion).
The Karnataka Wakf Board is a Muslim charitable trust that manages and oversees property that has typically been donated for the use of the poor. The report commissioned by Manippady alleges that the Karnataka Wakf Board had allowed almost 50% of its land to be misappropriated by politicians and board members, in collusion with the real estate mafia for a fraction of its market value.
Manippady has recommended that the government establishe a committee to investigate corrupt activities on the Wakf Board and appoint a task force to recover properties that have been illegally sold by the Wakf Board.The Income Tax Departent has aldready initiated a probe into this.
- Neil Munshi (27 March 2012). "Another $39bn Indian corruption scandal: this time it’s land". The Financial Times.
- Karnataka State Board of Wakfs (2008). "Home". Karnataka State Board of Wakfs.
- HT Correspondent (26 March 2012). "Rs2 lakh cr-scam hits Karnataka Wakf Board". Hindustan Times.
- India Today (27 March 2012). "Karnataka Wakf Board scam runs into Rs2 lakh crore: Report". India Today.