Updated: March 17, 2021 4:51:09 am
The Andhra Pradesh CID on Tuesday issued a notice to former chief minister N Chandrababu Naidu to appear before it in connection with the investigation into alleged insider trading in the Amaravati land case.
The CID also issued a notice to former minister P Narayana, who was minister for Municipal Administration and Urban Development during the TDP regime. The CID has asked both of them to appear for questioning on March 23.
The CID notices come two days after the ruling YSRCP swept the municipal elections. Naidu, who was in the midst of a video conference to analyse the municipal polls results, continued with it after the summons were served.
On March 12, an FIR was lodged at CID Police Station at Amaravati based on a written complaint by YSRCP Mangalagiri MLA A Rama Krishna Reddy. The complaint, made on February 24, stated that some farmers in his constituency had “cheated them by taking away their lands illegally, fraudulently”.
After a preliminary inquiry into the complaint, Deputy SP S Surya Bhaskar Rao stated that there were some irregularities, following which the FIR was lodged.
Reacting to the notice, TDP spokesperson B Umamaheshwara Rao said the YSRCP government was being vindictive and revengeful and dismissed the allegations of insider trading.
The report by Deputy SP Bhaskar Rao alleges that several TDP ministers, leaders, and party members had prior information that a particular region between Krishna and Guntur districts would be declared as the new capital of the state, and that they purchased vast tracts of land at low prices. Once the region was declared as capital Amaravati, land prices shot up, benefiting those who bought land, the report said.
The CID had filed at least 20 cases accusing TDP leaders and real estate developers close to the TDP of being involved in insider trading. However, on January 19 this year, the Andhra Pradesh High Court dismissed the insider trading cases, observing that there was no evidence to indicate that such a thing happened.
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