Raju says family bought 4000 acres in Andhra

By K V Ramana

Hyderabad, Jan 22 : B Ramalinga Raju, the tainted chairman of Satyam Computer Services, has told interrogators that his family did buy about 4,000 acres in various parts of the state.

A source in the know said Raju immediately responded on questions related to 2,000 acres, but details of the other 2,000 acres were not disclosed.

"The questioning is still not over. Hopefully, the details will come in during the next two days," the source said.

The Rajus confirmed buying land in Ibrahimpatnam, Yamjal and Rachakonda near Hyderabad.

As to how they funded the purchases, the interrogators are yet to question him on it.
Raju answered a set of questions (parts of which are available with DNA Money) briefly, but the interrogators are repeating the questions and making him answer everything in detail. The sleuths now want to know who sold the land.

Satyam has been involved in a controversy over a clandestine deal with a politician turned land dealer Akula Rajaiah, who had allegedly grabbed about 3,500 acres from tribals.

Rachakonda is a location where Rajaiah is said to be active.

"The details are coming in bits and pieces. It's too early to confirm that the IT company's money was used to buy all these properties."

However, even for Maytas Properties, which is owned by Raju's property, he has to tell us the source of fund for buying 6,800 acres," the source explained.

Currently, the investigators are asking Raju to confirm the ownership of properties that were mentioned in the documents seized from his residence on January 11, 2009.