Friday, December 14, 2018

DVAC unearths fraudulent land deal worth more than ₹8 crore in Vellore

Siddharth.Prabhakar@timesgroup.com

Chennai:14.12.2018

The Directorate of Vigilance and Anti-corruption (DVAC) has busted a dubious land deal worth ₹8.14 crore engineered in 2012 by the president of a co-operative society in Vellore along with a deputy director of the TN Khadi and Village industries board and a former deputy collector .

In the FIR registered on Monday, the DVAC named D Rishikumar, president of north Arcot district ex-servicemen co-operative timber and blacksmith workers and service limited, a cooperative society under the KVIB. S Ravi, the DD of TN KVIB, Chennai, N Nagaraj, assistant director in the central office of TNKVIB, B Shelly and R Indirasittu, former officials in the same office, K Mathivannan, deputy collector (stamps) Vellore, K Vasu, a resident of Avadi, K Srinivasulu, executive director of a private realty company and the company were also named accused.

The case was taken up based on a petition by RTI activist Siva Elango of Satta Panchayat Iyakkam (SPI).

The case pertains to an 87,120sqft plot in Vellore that belonged to the co-operative society. It was bought in 1964 from the Katpadi co-operative township ltd for ₹12,000 for construction of homes for workers of the society. There was a condition that the land could be sold only to the township. In 2012, the land was allowed to be sold.

The DVAC said Rishikumar fraudulently entered and became president of the society. He is also accused of generating a fake letter to conduct auction of the land. It was sold to Vasu for ₹9.27 crore, an amount less than the guideline value, on behalf of Srinivasulu and the realty company. Officials of TNKVIB were informed five months later. The DVAC alleges this sale caused loss to the government.

Despite a sub-registrar registering the document with an objection, Mathivannan approved the deal, the DVAC said.

The anti-corruption body alleged that the government officials colluded for bribes. During a preliminary enquiry, a number of documents have been obtained, which are cited in the FIR. The DVAC said the transfer of land itself was illegal, giving a benefit of ₹8.14 crore to the private persons.

The case pertains to an 87,120sqft plot in Vellore which belonged to a co-operative society

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