Former AIADMK MP KC Palanisami on Wednesday accused N Ram, former editor in chief of The Hindu and some directors of Kasturi and Sons Ltd (KSL), publishers of the English daily, of criminal intimidation and landgrabbing.
In a complaint submitted to the state DGP and Chennai city police commissioner, he alleged that Ram was using coercive tactics to force him to part with a property worth Rs 400 crore for Rs 30 crore.
N Ram dismissed the allegations and said KSL will sue Palanisami for making wild allegations. "We have a dossier on him documenting his past, and court observations against him. We will sue him and all media outfits that carried the scandalous falsehood. He is also a habitual retractor," Ram told HT.
Palanasami said in 2004 KSL sold him two companies which owned properties including a golf course running on losses. But as soon as land price began to rise, the company wanted to buy back the properties at a significantly low cost.
“After the government changed in Tamil Nadu in 2006 the pressure began to mount," alleged Palanisami.
"I had lodged a police complaint and recorded my statement with a magistrate. Till now there has been no action," he added.