Miyapur land scam: Police arrests accused

Hyderabad, May 29: of govt land to private companies here on Sunday. While going to matter, The Police also arrested the directors of two companies P.V.S. Sharma(72) director of Goldstone Infratech and P.S. Parthasarathy, director of Trinity Infraventures Ltd.

Rachakonda Srinivasa Rao, who is a Kukatpally Sub-registrar had allegedly taken crores of rupees in bribes from the private companies to transfer land situated in Miyapur village in Serilingampally Mandal, to the two companies at ludicrously cheap prices, causing a loss of Rs 587 crore to the govt.



Madhapur DCP Vishwa Prasad said that "There were many legal disputes going on in court regarding this land. In 2011, the deputy collector wrote to the sub-registrar again, stating that the land belonged to the government. P.S. Parthasarathi (of Trinity Intraventures) and others prepared a GPA from the various petitioners who had filed a case in the court and executed a deed in favour of Suvishal Power Gen Ltd. Sub-registrar Srinivas Rao helped the suspects to transfer the land".