Raju land dealer held

Udumula Sudhakar Reddy
25th jan 2009
Ramalinga Raju’s brother ordered top aide to hide land documents
Mr D. Venkata Gopala Krishnam Raju, a top aide of Ramalinga Raju, has told police that he had been ordered to hide all original documents relating to land transactions.
He claimed to have the documents for every land purchase of the Raju family. According to his confession, he was instructed by Mr B. Suryanarayana Raju, the brother of the Satyam founder, Mr B. Ramalinga Raju, to hide the papers.
Mr D.V.G.K. Raju is general manager (administration and commercial) of SRSR Advisory Services Private Limited.
The documents which were seized after his arrest reveal that Mr Raju had been buying the land since 1992. The pace increased in 2000, and speeded up in 2006 and 2007.
CID sleuths seized five boxes of original land documents pertaining to 147 benami companies that are suffixed by Agro Farms and Green Fields Private Limited. Police also seized a CD containing statements of properties and polythene covers containing original share certificates. Most papers were seized from the house of Mr D.V.G.K Raju at Tulasi Apartment in Madhuranagar.
The documents were shifted from flats in Sundaram Block in Ramaraja Nagar, the guest house of Mr Suryanarayana Raju in Pet Basheerabad, Mango Garden belonging to Mr Ramalinga Raju at Pet Basheerabad, and Flat No. 308 of Manjari Apartments in Somajiguda and Flat No. 507 of Gulraj Apartments in Somajiguda.
“Mr Suryanarayana Raju personally came to the office and instructed me to shift and conceal documents. I and ano-ther colleague, Mr K.V.V. Krishnam Raju, general manager, shifted them in a involvement in the Satyam fraud on Friday.
The arrest was shown by the cops only after the family members of Mr Krishnam Raju complained to the State Human Rights Commission (SHRC) that he was missing since January 21.
The documents pertaining to property bought by Mr Krishna Reddy showed Mr Gopala Krishnam Raju as director of Fincity Investment. He was authorised to sell 750 sq.yd. and received cheque for Rs 4.5 crore.
Sources said Mr Gopala Krishnam Raju invoked the private attendance clause and stayed away at the time of presenting documents in the sub-registrar’s office at Banjara Hills.
As per the clause the seller or the buyer or both can claim exemption from physical appearance at the sub registrar office citing “genuine reasons.” The registering authority will have to go to the absent party to obtain thumb impressions and take a declaration of execution of deed with the other party.
Informed sources said other documents were also presented at the sub-registrar’s office making use of the private attendance clause on January 15.
In such a case the registering authority would have to run from one address to another to obtain thumb impressions of the sellers.
When the issue was brought to his notice, Mr Aravind Reddy said: “We will check if the due process was followed.”