If the reports coming from the power corridors of Andhra Pradesh are to be believed, Central investigating agency Enforcement Directorate is likely to take up probe into alleged insider trading that took place in Amaravati, wherein several big people had bought lands in their benami names.
The Crime Investigation Department at Mangalagiri, which is presently probing the case, reportedly wrote to ED authorities to take up further investigation.
The CID authorities had submitted a lengthy dossier on the details of land dealings in Amaravati, along with the names of original plot holders, those who had purchase these lands from farmers and the financial dealings involved in it.
The CID has already disclosed that nearly 797 white ration card holders had purchased land parcels of nearly 700 acres of land worth several crores of rupees before the announcement of Amaravati as capital.
The Cabinet sub-committee constituted by the YSRC government to study irregularities in Amaravati had found insider trading in the purchase of 4,070 acres of land in the capital region.
“The CID has found evidence of money laundering in the purchase of lands by people associated with the then ruling party. The government will hand over the evidences to the ED for further investigation,” sources said.
Apart from serving notices on the white ration card holders who purchased lands in Amaravati, the CID, according to sources, had also approached the Income Tax department with the Aadhaar card details of around 477 persons who have purchased lands and sought details of PAN cards and Income Tax returns. None of the said persons were Income Tax assessees, but some of them were PAN card holders.
The YSRC government has been alleging that TDP leaders, including the then MLAs, ministers and businessmen associated with families of top TDP leaders benefited from the alleged insider trading.
