The Cyberabad police have arrested a sub-registrar and two directors of different real estate firms for allegedly transferring government land to private companies and causing losses to the state exchequer.
Government land measuring 693 acres was transferred to private companies leading to a loss of Rs 587 crore to the state exchequer.
R Srinivasa Rao, sub-registrar of Kukatpally besides PS Parthasarathi and PVS Sharma, two directors, were arrested yesterday in connection with the "illegal" transfer of government land in Miyapur village on city outskirts, a release from Cyberabad Police said.
A police complaint said, Trinity Infra Ventures Ltd represented by its authorised signatory PS Parthasarathi (director) registered four documents in favour of Suvishal Power Gen Ltd, represented by its signatory PVS Sharma (director) by transferring the government lands to an extent of 693 acres which were registered at Sub Registrar Office (SRO), Kukatpally.
"During the course of investigation, it was found that the four documents were registered at SRO, Kukatpally, in violation of Registration Act-1908 provisions and thereby causing loss of Rs 587.11 crore to the state," it said.
According to police, PS Parthasarathi and others prepared a general power of attorney (GPA) from one Ameerunnisha Begum and seven others on January 15, 2016 to show that the land belonged to these persons, it said.
Later Parthasarathi executed a deed infavour of Suvishal Power Gen Ltd on January 21, 2016, it said.
"Thus Parthasarathi and Sharma in collusion with Srinivasa Rao, got registered government lands and caused major revenue loss to the government," the release added.
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