"The government was considering appointment of a retired HC judge in view of news reports about the 'alleged irregularities' in the land transaction," a GR issued today said.
Accordingly, Zoting has been appointed, it said.
The inquiry will ascertain if the land was acquired by MIDC and whether the land was eligible to be transferred or sold as per MIDC norms, it said.
The probe will have to be completed in three months, the GR said.
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Zoting retired as a Bombay High Court judge in 2006.
Khadse, the senior-most BJP leader, had to resign earlier this month over the controversial deal wherein he had purchased three-acre plot at Bhosri, believed to be owned by Maharashtra Industrial Development Corporation (MIDC) in name of his kin for Rs 3.75 crore as against the market price of Rs 40 crore.
Three days ago, Chief Minister Devendra Fadnavis had announced that a judicial committee of a retired Bombay High Court judge will probe the purchase of the MIDC land.
Meanwhile, talking to reporters in Bhusawal, in Jalgaon district, Khadse claimed that the charges against him were "baseless".
"Whatever allegations have been levelled against me are baseless. A fortnight before I resigned, I had called for a probe into these allegations," he said.
In an apparent reference to former AAP leader Anjali Damania, he said the "woman who was going against me, was doing it so for cheap publicity".
"I had challenged her to show proof against me in any of the cases, but the woman could not submit any," the former minister claimed.
On June 2 (two days prior to Khadse's resignation), Damania had sat on a hunger strike in Mumbai demanding his ouster from Maharashtra cabinet in the wake of charges of impropriety over purchase of MIDC land.
Khadse also said no prominent political party had levelled any allegations against him.