The Hindu : Front Page : 341 land transactions on Raju’s name traced

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Friday, Jan 23, 2009
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341 land transactions on Raju’s name traced

Photo: Mohd. Yousuf

UNDER THE SCANNER: Sleuths escorting former Satyam chairman B. Ramalinga Raju in Hyderabad on Thursday.

HYDERABAD: The Stamps and Registration department has traced 341 land transactions in different parts of the State in the name of B. Ramalinga Raju.

The department that started compiling documents of land transactions of the former Satyam chairman has come across land transactions spanning individual plots/flats to agricultural lands. The search was taken up following a request from the Crime Investigation Department which asked the department to furnish land deals of Mr. Raju’s family.

The CID had requested the Inspector General of Stamps and Registration to give details of the land deals of B. Ramalinga Raju, his wife B. Nandini Raju, sons B. Teja Raju and B. Rama Raju and daughter Anjali Raju, brothers B. Rama Raju and B. Suryanarayana Raju, their wives B. Radharani and B. Jhansirani and Nitya, in addition to the 54 companies floated by the Raju brothers.

The officials engaged in tracing transactions obtained the 341 documents from the offices of Sub-Registrars that are connected online with the head office located here.

There are several other SROs that remain unconnected and the department has sent notices to such offices to furnish the information, if any, with them at the earliest. “It will take a couple of days more to get information of the transactions made through our SROs,” Stamps & Registration IG and Commissioner B. Aravinda Reddy told The Hindu here on Thursday.

Senior officials, however, said that transactions involving general power of attorney and mutual agreements which the Satyam former chief “may have entered into” will not figure in the department’s data.

Officials said absence of any efforts by the company to approach the registration offices when deals of such magnitude were being made was leading to suspicion about the nature of lands that were acquired. “No transactions of lands falling under assignment land category will be allowed and we did not receive any application from Mr. Raju or the companies promoted by him for regularisation of lands,” officials claimed.

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