Hyderabad: The noose is tightening around former Minister Eatala Rajender and his family in connection with the encroachment of lands in Devaryamjal village in Shamirpet mandal of Medchal Malkajgiri district. Questioning the loans sanctioned by the banks against the endowment lands, city-based advocate Rama Rao Immaneni filed a complaint with the Registrar of Companies belonging to the Union Ministry of Corporate Affairs and sought an in-depth investigation by the Serious Fraud Investigation Office (SFIO) into the fraud immediately. He also sought forensic audit on companies and allied firms of Rajendar and his family members.
In his complaint to the Registrar of Companies, Rama Rao stated that Rajender along with his wife Jamuna, their son Nithin Reddy and daughter Kshamita Reddy, obtained additional loan of Rs 28.25 crore by mortgaging certain lands in Devaryamjal despite pendency of petitions and prohibitory list entries. He said Rajender misused his official position as the then Minister and got the additional loan approved against the lands in an extent of nearly 9.62 acres in Survey Nos 56/D, 57/B, 58/C, 57/E and 57/D which were either classified as endowment lands or have prohibitory orders of the High Court pending against them.
“Any fraud involving more than Rs 10 lakh can be considered for investigation by the SFIO. Though the revenue officials conducted probe and were able to reveal certain irregularities in encroachment and registration of the endowment lands, it would require the SFIO’s experts to expose the economic fraud. The present case is a classic example of economic fraud and any lapse in initiating action against them, could embolden the offenders and lawbreakers to commit such offences further,” Rama Rao told Telangana Today.
Rama Rao pointed out that land with sale deed no 616/95 of 133 Guntas (3.32 acres) in survey numbers 56/D, 57/B, 58/C, which was carried out in 1995 had prohibited orders of High Court in WP No 251/14 pending. Similar orders were pending against 3.13 acre land in survey numbers 57/E and 57/D with sale deed no 2164/17. Another 127 guntas (3.17 acres) land in survey numbers 56/D, 57/B, 58/C, with sale deed of 617/95 has been classified as Endowment Land and entered in Prohibitory List.
He alleged that Rajender and other beneficiaries carried out fraudulent transactions with active connivance of persons including the authorities of Hitec AF branh of Canara Bank located at Abids. He said they obtained fraudulent registrations of Endowment lands and got bank loan by executing a supplemental memorandum for deposit of title deeds.
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