ED warns public against buying Raju's land assets

In an appeal on Wednesday, N Sridhar, deputy director of ED said the 350 properties owned by Raju were seized for money laundering and appealed to the public to refrain from buying them even if offered at rock-bottom prices. He also directed revenue officials not to approve the same if they come up for registration.

A posh bungalow in Bangalore, besides apartments and real estate in Nagpur and several towns in Tamil Nadu are listed among the declared properties. The list also includes assets in East and West Godavari districts of Andhra Pradesh besides the shares of  Satyam computers and Gland Pharma,  together worth Rs 10,000 crore.
Raju had not bought a single acre of land or a house in his own name, said the directorate. The properties list  provided by the ED shows that the Raju family  owned  lands at  Lodhi Punjari, Dhuti and Doganr Goan of Nagpur and  Bodakonda of  Hyderabad, Loyapalli near Ibrahimpatnam and Yelahanka.

Meanwhile, an HDFC official informed the CBI court conducting trials in the Satyam scam that Raju and his family held accounts in the name of  114 benami companies in its Begumpet branch in Hyderabad.

HDFC branch manager  Srinivas submitted the list of   114 bank accounts belonging to the Raju family to the trial court  magistrate B V L N Chakravarti. All the accounts were   opened between 1999-2008 and funds to the tune of thousands of crores of rupees and dollars were transferred from the five current accounts of Satyam computers to these accounts, he informed the court.