CBI to investigate ‘insider trading’ in Amaravati

The CSC, in its report dated December 27, 2019, said public servants in the erstwhile AP government misused and abused their official positions to pre-determine the location of the new capital.
CBI Headquarters (File Photo | PTI)
CBI Headquarters (File Photo | PTI)

VIJAYAWADA: The State government, which had formed a Special Investigation Team (SIT) to look into allegations of corruption in the previous government and had ordered a CID probe into the alleged insider trading in Amaravati, on Monday decided to hand over the investigation into insider trading to the CBI.

In an order issued on Monday by the Home department, the government permitted the CBI to probe “irregularities committed by persons officiating in the erstwhile government of AP while designating the new capital area” as highlighted in the report of the Cabinet Sub-Committee constituted by the Jagan government to probe allegations of insider trading in Amaravati.

The government sent a report of the Cabinet Sub-Committee (CSC) to the Department of Personnel and Training (DoPT) and requested for the CBI to take up the investigation.

The CSC, in its report dated December 27, 2019, said public servants in the erstwhile AP government misused and abused their official positions to pre-determine the location of the new capital.

The CSC had said public servants in the erstwhile AP government abused their positions to pre-determine the location of the new capital, and subsequently purchased lands to unjustly and illegally benefit their associates, their companies and businesses, family members and/or political party members.

“The boundaries of the capital and its infrastructure were designed and modified to suit their personal interests,’’ the report said. The CSC report also said the officials, in violation of their oaths, revealed the privileged information about the location of the capital city to their associates.

The report of the Cabinet Sub-Committee also found several irregularities and illegalities with respect to procedure followed by the erstwhile government in acquiring lands, offences committed by dispossessing landless poor of assigned lands by an elaborate conspiracy, forgery, fabrication of  documents ,tampering of records.

‘Probe needed in international domain’

“Owing to the high-profile nature of the accused and the need to carry out a probe in the inter-State and internati-onal areas, it was felt that the case needs to be investigated by a national agency,” the State govt told the DoPT.

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