Naxals take over Raju’s land
Naxalites belonging to the CPI(ML-Liberation) occupied 250 acres of land reportedly belonging to former Satyam Computer Services chairman B. Ramalinga Raju in Kondapuram village in Krishna district.india Updated: Feb 15, 2009 14:40 IST
Naxalites belonging to the CPI(ML-Liberation) occupied 250 acres of land reportedly belonging to former Satyam Computer Services chairman B. Ramalinga Raju in Kondapuram village in Krishna district, 300 km east of Hyderabad, even as a Serious Frauds Investigation Office (SFIO) team finally gained access to the Raju brothers and former Satyam managing Director B. Rama Raju.
About 40-45 Naxal cadres put up red flags — the Naxalite method of occupying land belonging to people they consider “class enemies” — on the land. “The government was focused on Maytas’s land bank near Hyderabad and appears not to be aware of these lands. We’re bringing this to its notice and will distribute it if the government fails to respond to our demand,” said D. Harnath, CPI(ML-Liberation) district secretary.
Meanwhile, the six-member SFIO team, led by K.V. Singh, additional director, SFIO, Delhi, visited the Chanchalguda Jail and began interrogating the Raju brothers. The team had prepared questions based on the findings of the inquiry conducted by the Registrar of Companies, Hyderabad. The RoC found that the Rajus had floated 325 companies and acquired land allegedly using Satyam funds.
“Our goal is to fill the gaps in the probe and piece together the fraud ,” said an official, on condition of anonymity.
In a related development, a Union home ministry team from Delhi, which is here specifically to co-ordinate the investigations being carried out by the state authorities (CB-CID) and the central agencies, held a meeting with the top brass of the local police to iron out the glitches. This became necessary after the ordeal faced by stock market regulator Securities & Exchange Board of India in getting access to the Raju brothers.
First Published: Feb 15, 2009 14:39 IST