- Bribe Fighter
- 14 years ago
- 1487 views
The property registration scam
It is openely acknowledged that in order to register a property payment running into many lakhs has to be paid to the office of the registrar. It is claimed that the funds secured through this process is used to pay fixed percentages to the higher authorities including the Chief Minister. If this is open knowledgewhy is no one doing anything about it. Action is urgently needed as the property scam goes beyond registartion. There is another issue associated with purchases. In many instances the seller expects the funds to be paid in white and black money. The property is only registered for the value paid in white money. Therefore when it comes for rsale, the problem continues and the new buyer will also have to resort to the same system. This practice is deeply rooted in property asset sales and through an amnesty style agreement will need to be discuoraged and terminated.