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New land scam entangles Yeddyurappa

Source : IBNS
Last Updated: Sat, Jul 23, 2011 20:33 hrs

Karnataka Chief Minister B S Yeddyurappa found himself amidst charges of yet another land scam on Saturday, just days after a leaked ombudsman report charged the BJP leader of corruption and nepotism, putting even more pressure on his embattled government.

Media reports on Saturday said fresh evidence had been found regarding a shady land deal that saw Yeddyurappa's family members receive prime property near Bangalore at inexplicably low prices.

The swindle dates back to October 2010, when three acres of land which had originally been acquired by the Karnataka government for a planned IT hub, eventually ended up in the hands of a realty firm owned by two of Yeddyurappa's sons, media reports said.



For a mere Rs 2.65 crores, land valued at Rs 65 crores had reportedly been transferred though a complex exchange of hands to Davaligiri Property Developers Private Limited owned by B Y Raghavendra and B Y Vijendra.

One acre from this land was then reportedly sold off to a mining company at huge profits by the sons of Chief Minister Yeddyurappa and the entire deal was routed through other companies with elaborate fronts to conceal it.

Reports said that this swindle has also been mentioned in Karnataka Lokayukta N Santosh Hegde's report on high level corruption in the state government in which Yeddyurappa and his family were said to have been implicated besides other key politicians.

The report which was leaked to a television channel earlier this week has already put tremendous pressure on Yeddyurappa, who is described as the BJP's weakest link over its corruption tack against the Congress-led coalition government at the Centre.

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