Insider trading claims: CID raids Kanaganapalle tahsildar’s office

Tirupati: The Crime Investigation Department (CID) team probing charges of insider trading related to purchase of land in and around

Amaravati

raided the office of Kanaganapalle tahsildar in Anantapur on Tuesday.

The CID team verified records of white ration card holders at the tahsildar’s office.

The CID team is probing how people with low income bought land up to 4,000 acres worth around Rs 220 crore in Amaravati.

As per preliminary inquiry, values of over 200 land documents fell within the range of Rs 5 to Rs 60 lakh and more than 600 land documents were valued at less than Rs 5 lakh.

The state government has appointed a sub-committee to probe allegations of insider trading in Amaravati.

Sources said that apart from former TDP minister Paritala Sunita, two more Kanaganapalle natives, Jayachandra Choudary and Nirmala Choudary, had bought plots in Amaravati.