Satyam’s Ramalinga Raju's wish to get hold of vast amount of land was not limited to Hyderabad only is well known by now. Everyone is aware of the reality that Raju and his men zeroed in on chennai, Pune and Nagpur for the reason of creating a formidable land bank. The CBI, which suspect that the land was bought with money that was taped away from Satyam, has now moved special teams to spot and freeze all these land property. Most of the lands are in pieces of five to six acre plot.
The CBI would be extra wide-ranging than the past work out by the Registrar of Companies (RoC) that had full a report on the land transactions of Raju brothers. The RoC exercise had concentrated only on the land bank of the Rajus in Hyderabad and Greater Hyderabad. It was found that the Rajus had bought land through many private companies which was owned by them.
In the meantime CBI sleuths are also struggling to gather evidence on the Rs 60 crore found in three foreign bank accounts in the US was abstracted from the profits of the American depository receipts issue of Satyam in 2001.
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