The numerous trails investigating agencies are following are invariably leading to real estate deals swung by the promoters of Satyam Computer over the years.
This picture emerges by piecing together information from documents and disclosures in the court by prosecutors about the outcome of B. Ramalinga Rajus interrogation by the Crime Investigation Department (CID). These have highlighted Mr. Rajus vast investments in land purchases but how he found the money for these transactions may be central to the whole scam.
Most of these deals relate to land in and around Hyderabad where real estate witnessed a boom, in step with developments like construction of an international airport, spurt in software companies and the pressure for land within. It now transpires, according to the CID, Raju purchased land in places outside the State too.
More : hindu.com
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