Promoters of M/s Indu Jobs Ltd in
addition to M/s Lepakshi Information Hub Non-public Ltd, that obtained 10, 000
acres of land (8, 844 acres in Anantapur in addition to 400 acres in Shamshabad
) from affordable charges from the YS Rajasekhara Reddy federal for an IT SEZ
and also a expertise hub, continues to be lying down unused, the actual CBI
explained in its status survey. However, the actual promoter, that built quid
professional quo opportunities in Jagan organizations, mortgaged 1 / 2 the
actual land along with financial institutions including PNB, Financial
institution of The indian subcontinent, UCO Financial institution, Kotak
Mahindra in addition to SBI, availing virtually Rs 1, 000 crore bank loan with
regard to diverting that directly into real estate investment business.
This review were being section of
the survey the actual CBI afforded on the Supreme Court though opposing the
actual bail asking of Nimmagadda Prasad, a great accused within the Vanpic
situation, who had been in addition found on the mother board of Indu Jobs that
was awarded many projects/ legal papers with the federal of Andhra Pradesh in
between 2004 in addition to 2009. This status survey in addition narrated just
how Indu got the 400 acre IT SEZ from Samshabad, making use of that the
promoter in this company availed Rs 175 crore mortgage with no generating
virtually any facilities or perhaps tasks within the offered SEZ.
Citing the actual material with
the status survey, the actual standard explained: It is usually featured of
which files were being prepared even with significant arguments with the money
section around the monetary implications with the offered credits offered
around the condition exchequer, companys monetary standing; lack of standing
regarding their earlier connection with the actual fledging corporation
designed in Come early july, '08.
On the other hand, the costa rica
government brought through past due B S Rajasekhara Reddy journeyed forward in
addition to entered into your MoA in addition to alienated the actual explained
land through transferring numerous federal purchases in between September 25,
'08 in addition to Feb . 21 years old, 2009, the actual survey explained. Based
on the CBI, the worth of 8, 844 acres of land could be around Rs. 1, 768 crore
around today.
Source : http://www.exclventures.com/News/Newslink-11441.asp
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