The Hindu : Front Page : Auction of land offered to YSR's son deferred

Online edition of India's National Newspaper
Thursday, Apr 19, 2007
ePaper

Front Page

Front Page

Auction of land offered to YSR's son deferred

Special Correspondent

Only Raghuram Cements was present for the auction which will now be held on April 26

HYDERABAD: The Government deferred auction of 487 acres of land in Kadapa district, which was earlier offered to M/s Raghuram Cements by a Cabinet decision, as the latter was the only party to be present for the auction on Wednesday.

The cement company has Chief Minister Y. S. Rajasekhara Reddy's son Y. S. Jaganmohan Reddy as its director.

The five-member committee formed by the Government to conduct the open auction postponed the exercise to April 26 with the hope that others would participate in it.

A. Raghottama Rao, Chief Commissioner, Land Administration, who headed the committee, said participation by others would ensure a better price. He said the committee had fixed Rs. 50,000 as upset price for the auction. Members of the committee were S. Bhale Rao, Special Commissioner, Land Administration, B. P. Acharya, MD, APIIC, Jayesh Ranjan, Vice-Chairman, HUDA, and Kantilal Dande, Joint Collector, Kadapa.

Speaking to reporters later, Mr. Raghottama Rao justified handling of the auction by a committee and not by the district Collector concerned, saying it was up to the Government to adopt any appropriate means. He said proper publicity would be given for the auction on April 26. Interested parties could file tenders up to 5 p.m. of April 25.

Asked whether the exercise would be postponed next time also in the event of single-party attendance, he said: "We cross the bridge when it comes."

Printer friendly page
Send this article to Friends by E-Mail

Front Page