CBI sources said the agency has registered a preliminary inquiry in connection with the case on the request of Defence Ministry and based on its outcome it would decide to register a regular case.
The sources said during preliminary enquiry CBI cannot summon a person for questioning or carry out searches and seizure operations.
They said the case was referred by the ministry to probe the transfer of a 4.84 acre army plot to Maharaja Harisingh Trust in 2007 by officials of the ministry and the service.
"CBI will check the procedures followed by the army while handing over the piece of land to the trust. Apart from that they will also probe the intentions behind the transferring of the land and the role of the officers," said a CBI source adding, "We will also check the revenue land records of the land available with the district administration."
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Defence spokesperson Col S D Goswami said that army has nominated an officer to coordinate between army and the CBI.
The sources said the land is now being developed for commercial purposes and valued at over 15 crore.