N Ram denies charge of landgrabbing | india | Hindustan Times
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N Ram denies charge of landgrabbing

india Updated: Jan 27, 2012 00:01 IST
HT Correspondent
HT Correspondent
Hindustan Times
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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.