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Home / Andhra Pradesh News / 2007 / September / September 5, 2007
Single member Commission of Inquiry gives clean chit to Raghuram Cements
Raghuram Cements

Single member Commission of Inquiry gives clean chit to Raghuram Cements
Commission says lease in accordance with rules

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Raghuram Cements gets land in Kadapa
Becomes lone participant in tender-cum-auction process

Land allotment made to Raghuram Cements canceled
Open auction called for

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Single member Commission of Inquiry gives clean chit to Raghuram Cements

Commission says lease in accordance with rules

Hyderabad, September 5, 2007

The Single Member Commission of Inquiry that went to the grant of mining lease to M/s Raghuram Cements Limited, Kadapa to find out whether the lease was in accordance with the rules has concluded that the procedure followed was eminently justified. The Commission was constituted when the Opposition parties raised a furore in the Assembly over granting of leasing right to the company ad also the price fixed for the land proposed to be alienated to it.

The Opposition alleged favoritism in the deal as Chief Minister Dr.YS Rajasekhara Reddy's son YS Jaganmohan Reddy was involved in establishing the cement industry. Justice P Ramakrishnam Raju who headed the Commission stated that the detailed inspection of records of the Revenue Department and documents pertaining to the relevant sale of transactions showed no foul play.

The Commission concluded that the value of land fixed at Rs.1lakh per acre was also justified basing on the land rates prevailing in the area. Even the auction procedure was transparent and despite the fact that Raghuram Cements was the only company to have participated in the auction initially, it was decided to call for tenders afresh.

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Single member Commission of Inquiry gives clean chit to Raghuram Cements
Commission says lease in accordance with rules

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September 5 in History

Events and happenings on 5 September in History

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5 September 2002
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5 September 2003
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5 September 2004

5 September 2005
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5 September 2006
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5 September 2007
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