ED Attaches Assets Worth Rs. 44.75 Crore in Land Fraud Case Involving Andhra Pradesh Government Property
(Judicial Quest News Network)
Vishakhapatnam, 07.02. 2025.The Directorate of Enforcement (ED), Visakhapatnam Sub Zonal Office, has provisionally attached 14 immovable properties valued at Rs. 42.03 Crore and six movable assets worth Rs. 2.71 Crore under the Prevention of Money Laundering Act (PMLA), 2002. This action is part of an ongoing investigation into the fraudulent alienation of 12.51 acres of government-allotted land in Andhra Pradesh, originally designated for the construction of homes for senior citizens and orphans.
The attached properties belong to various entities and individuals, including M/s MVV Builders, M/s Hayagreeva Infratech Projects Limited, Gadde Brahmaji, his wife, Chilukuri Jagadeeswarudu, Smt. Chilukuri Radha Rani, M/s Hayagreeva Projects, and Varanasi Dileef. The ED initiated its investigation based on an FIR filed by the Arilova Police Station in Visakhapatnam, accusing key individuals—Gadde Brahmaji, Gannamani Venkateswara Rao, and MVV Satyanarayana—of forging signatures, fabricating sale documents, and coercing individuals to grab the 12.51 acres of land allotted for a public welfare project.
The land, located in Yendana village, Visakhapatnam, was originally allotted by the Andhra Pradesh Government to M/s Hayagreeva Farms & Developers in 2008 for the construction of cottages aimed at housing the elderly and orphaned children. In 2010, the property was registered under the name of M/s Hayagreeva Farms & Developers after a payment of Rs. 5.63 Crore. However, the market value of the land at the time was significantly higher, around Rs. 30.25 Crore, as per the Andhra Pradesh Registration & Stamps Department.
Further investigation revealed that in 2020, Gadde Brahmaji, in collusion with Gannamani Venkateswara Rao and MVV Satyanarayana, entered into the operations of M/s Hayagreeva Farms & Developers as a partner. Subsequently, in 2021 and 2022, they sold off the land through over 30 sale deeds and agreements. The proceeds from these illegal transactions were transferred to various individuals and entities, including Gadde Brahmaji, M/s MVV Builders, Chilukuri Jagadeeswarudu, M/s Hayagreeva Infratech Projects Limited, and Varanasi Dileef.
In addition, it was uncovered that Chilukuri Jagadeeswarudu also played a key role in generating proceeds of crime (POC) through agreements to sell portions of the land to eight individuals between 2010 and 2011, and again in 2019. These illicit gains were utilized for his personal benefit.
The total amount of proceeds of crime generated by the accused individuals is estimated to be Rs. 87.64 Crore, which was subsequently used for personal enrichment. As a result of the investigation, ED has attached assets worth Rs. 44.75 Crore, which are now provisionally seized.
The investigation is ongoing, and further actions are expected as the ED continues to probe this large-scale land fraud case.
