Andhra Pradesh Police CID has filed a chargesheet in the Rs 4,400-crore Assigned Lands scam case. N Chandrababu Naidu, P Narayana, and others have been named as main accused in the case. Major details include land grabbing conspiracy, use of benamis, and flow of funds. Brahmananda Reddy seeks to be a prosecution witness.
Updated Jan 20, 2021 | 10:55 IST
The Andhra Pradesh Crime Investigation Department (AP CID) had filed a case that insider trading took place in land dealings in Amaravati. Representational image of Andhra Pradesh HC
Amaravati (Andhra Pradesh): The Andhra Pradesh High Court on Tuesday quashed an FIR registered by the state Crime Investigation Department (CID) alleging insider trading in land dealings in Amaravati Capital Region.
A bench of Justice Cheekati Manvendranath Roy on Tuesday, while quashing the FIR, observed that right to acquire property was a constitutional and legal right and since the lands were purchased from the sellers who willingly and voluntarily sold them to the petitioners, the said private sale transactions cannot be criminalized.