ACP Narsimha Reddy fraudulently purchased Govt land opposite Cyber Towers worth crores
By Coreena Suares Published on 2 Oct 2020 3:02 PM GMT
Hyderabad: The sleuths of Anti-Corruption Bureau (ACB) Telangana arrested 8 persons including tainted Assistant Commissioner of police Y Narsimha Reddy in a multi-crore worth land scam case.
The eight reportedly cheated the government by illegally selling and acquiring ‘prohibited’ land in Madhapur area of market value worth Rs 50 crore.
The fraud dates back to 2016 when four Gopagoni Sajjan Goud, Poreddy Thirupati Reddy, Yerra Chandrashekar and Arjula Jaipal fraudulently converted ‘prohibited government land’ (listed under u/s 22-A (1) (a) of registration Act, into gift deeds.
The property belongs to government and was allocated to APIIC and HUDA, respectively. However the four got it registered in their names as gift deeds when in reality their fathers held no ownership title.
They created fake documents and house numbers. A large chunk of government land was divided into 4 house plots of each measuring Rs 490 square yards in survey number 64 of Madhapur. It is pertinent to note that the property is a real-estate jewel as it is located opposite to Cyber towers.
Two years later, four buyers including the corrupt officer Y Narsimha Reddy’s wife Y. Manga , Madhukar, Bandi Chandra Reddy and Bathini Reddy purchased the property. The fraud was no secret to them.
The lid blew off in 2020, when the crime investigating agency raided the house of ACP Y Narsimha Reddy and unearthed properties worth Rs 70 crore. During the searches, ACB found documents of 55 acres of land in AP, 4 plots measuring 1960 square yards of land opposite to Cyber towers in Madhapur, 2 houses plots, one commercial G+3 building in Hafeezpet, Rs 15 lakh cash balance, 2 bank lockers. The market value of these properties will be around Rs 70 Crores, ACB said.
“Probe revealed fictitious house numbers and wrong PTIN. The buyers showed the purchase price as Rs 80 lakhs, each. The prime property was purchased for Rs 4 crore against the government value of Rs 6 crore” ACB found. While the market value is above Rs 50 crore.
A source told Newsmeter, “To avoid tax, the four fraudsters paid Rs 20,000 per square yard against the Rs 30,000 by showing a fictitious road. There is no original sale transactions”.
The extensive operation is based on the inputs provided by reliable sources. "The ACP acquired assets disproportionate to his legal source of income by indulging in corrupt practice. A case of disproportionate assets has been registered against him' ACB said.
The officer earlier worked as a sub-inspector in Hyderabad Commissionerte's task force wing before he was promoted as an Inspector. He served in Uppal, Begumpet and other law and order police stations including the Central Crime Station.
