<p>Unravelling a massive land scam, the Andhra Pradesh Police has found out that some of the poorest people in Amaravati have land worth Rs 220 crore under their names.</p>.<p>While the Crime Investigation Department (CID) was investigating a complaint of insider trading in the capital by former ministers P Narayana and Pratipati Pulla Rao, they found that around 797 white ration card-holders with a monthly income of less than Rs 5,000, were to have bought about 761 acres of land worth Rs 220 crore during 2014 and 2015, News18 reported.</p>.<p>“These were white-ration cardholders, more than 50 per cent of them do not have PAN cards and most of them were cash transactions. All these show that there could have been money-laundering and tax evasion,” Additional Director General of Police (CID) PV Sunil Kumar told News18.</p>.<p>The CID believed that these could be benami properties because several buyers did not even possess a PAN card, and that's why they could have evaded the taxmen's lens. According the report by News18, almost 529 of the 797 landowners did not have PAN cards. </p>.<p>All the details of the buyers, land size and the mode of payment have been submitted to the Income Tax Department. </p>.<p>“These details were unearthed as part of our broader investigation on lands in Amaravati. There could be a massive scam. We’re also looking into other suspicious dealings such as benami land purchases and transactions on lands that should not be bought,” added Kumar. </p>.<p>According to multiple news reports, the CID has registered a case of cheating and criminal conspiracy.<br /> </p>
<p>Unravelling a massive land scam, the Andhra Pradesh Police has found out that some of the poorest people in Amaravati have land worth Rs 220 crore under their names.</p>.<p>While the Crime Investigation Department (CID) was investigating a complaint of insider trading in the capital by former ministers P Narayana and Pratipati Pulla Rao, they found that around 797 white ration card-holders with a monthly income of less than Rs 5,000, were to have bought about 761 acres of land worth Rs 220 crore during 2014 and 2015, News18 reported.</p>.<p>“These were white-ration cardholders, more than 50 per cent of them do not have PAN cards and most of them were cash transactions. All these show that there could have been money-laundering and tax evasion,” Additional Director General of Police (CID) PV Sunil Kumar told News18.</p>.<p>The CID believed that these could be benami properties because several buyers did not even possess a PAN card, and that's why they could have evaded the taxmen's lens. According the report by News18, almost 529 of the 797 landowners did not have PAN cards. </p>.<p>All the details of the buyers, land size and the mode of payment have been submitted to the Income Tax Department. </p>.<p>“These details were unearthed as part of our broader investigation on lands in Amaravati. There could be a massive scam. We’re also looking into other suspicious dealings such as benami land purchases and transactions on lands that should not be bought,” added Kumar. </p>.<p>According to multiple news reports, the CID has registered a case of cheating and criminal conspiracy.<br /> </p>
