Ramalinga Raju made gardeners, drivers kings

2 Jan 2010



HYDERABAD: In disgraced Satyam boss Ramalinga Raju’s land, even gardeners were made maharajas! Several gardeners, truck drivers and others, who were working in the mango gardens and orchards, belonging to Raju brothers, for meagre salaries of Rs 4,000 to Rs 5,000 per month, have been found to possess more than 50 acres of land worth crores of rupees.

Not only this, these workers were also made directors of several fictitious companies floated by Raju. And a majority of these lands are situated in a single village called Loyapalli of Ibrahimpatnam mandal in Ranga Reddy district.

Records with the Enforcement Directorate (ED) show that the Raju brothers had purchased as much as 4,200 acres of land in this village alone in 2006.

Though official records state that the entire land was purchased for a mere Rs 30 crore, its actual price is much more and its present value is not less than Rs 4,200 crore at the rate of Rs 1 crore per acre. The ED has so far attached 312 properties acquired by the Raju brothers allegedly with the Satyam scam money.

In 2006, for example, a 54 acre plot in Loyapalli village was purchased for Rs 36 lakh and was registered in the name of Ch Suryanarayana Raju, a gardener working in the mango orchards of Raju brothers at a monthly salary of Rs 5,000. When the ED sleuths quizzed this gardener on his source of income, he revealed that the land was purchased by the Raju brothers through SRSR Holdings company and the sale deeds and other papers were also lying with them.

“They have just used my name and the question of my paying income tax for this amount does not arise because this is not my income and I never filed any IT returns nor do I possess a PAN card,” the gardener told the ED authorities. Interestingly, after this purchase, the Raju brothers made this gardener a director in several of their fictitious companies floated for holding the land.

The same is the case with K Venkatapathi Raju, another gardener in whose name 54 acres were purchased and M V Suryanarayana Raju, a garden supervisor whose name was used for registering a 56-acre land. Likewise, S V Samba Murthy Raju, a truck driver working with the Rajus has 53 acres of land registered against his name.

Samba Murthy Raju was also made director of two companies, Sahayadri Green Lands Company and Devagarbha Agros. The EDs Hyderabad Zone authorities had attached all these properties.