Ramky Estates Controversy

Q: Hello, I have heard that some properties belonging to Ramky estates have come under some legal trouble? What are the details about this?

Govind Naidu, Hyderabad

31st March 2015

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Replies (8)

Not only in Vizag, added to this are 140 acres Ramky estates had acquired in Thadi, E Bonangi, Lemarthy and Thanam villages, which were also attached.

Dhananjay, Hyderabad

9th April 2015

Comment

ED has now identified the proceeds of crime and accordingly attached them. The Ramky assets attached include 16 plots worth Rs 115 crore spread over 159 acres in Vizag Pharma City and two plots spread over 19 acres worth Rs 22 crore in pharma city.

Praneeth Kumar, Hyderabad

8th April 2015

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Hey, and i have also heard that, the Ramky chief returned the favour by investing Rs 10 crore in the Jagan firms,

Kamala Reddy, Hyderabad

6th April 2015

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ED has now attached the assets of Ramky in this case. CBI's case is that Jagan influenced his chief minister father YS Rajasekhara Reddy and allowed Ramky to reduce the green cover drastically in an unlawful manner.

Ramesh Gullapalli, Hyderabad

5th April 2015

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Thats true. Along with Jagan, Ramky chairman Ayodhya Rami Reddy and the then VC and MD of VUDA, Venkatrami Reddy , are already facing a CBI case in the same matter

Ashok Kolluru, Hyderabad

4th April 2015

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I have heard that these charges were filed against the Ramky estates due to the estates involvement with the Jagan Mohan Reddy case, and the cases involving hiM?

Yogesh kumar, Hyderabad

3rd April 2015

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Ramky , which built the Jawaharlal Nehru Pharma City in Visakhapatnam, is facing charges of cornering 914 acres belonging to Vizag Pharma City by depriving the latter of its legitimate green cover. ED's case is that the land was sold away illegally and huge money made in the deal.

Aamir Mirza, Hyderabad

1st April 2015

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Hello, yeah you heard it right. The Enforcement Directorate (ED), attached plots worth Rs 216 crore belonging to Ramky Pharma City India Ltd under the provisions of the Prevention of Money Laundering Act.

Nakul Rao, Hyderabad

31st March 2015

Comment