Land grabbing scam in Chennai !!!

Here goes a NDTV report A central government owned funding agency, in collusion with land grabbers, is allegedly auctioning the locked properties in prime areas of Chennai. Indira is shattered. Although she lives in Bangalore she owns a beautiful house in Chennai as well. The property had remained locked for many years. But recently it was auctioned and quickly demolished, all without her knowledge. It's only when her neighbours got in touch with her did she get wind of this crime. Indira filed a petition under the RTI Act which revealed that a government owned funding agency called IREDA was behind the this. By dubious means the agency had cited Indira's unoccupied property as an asset of a defaulter who owes it Rs 1.5 crore and had obtained an order from a debt recovery tribunal in Delhi to auction the property to recover these dues. "I've no idea who they are, which company they run or how much have they've borrowed," said Indira, victim of land grabbing. Experts say this a devious method being adopted by funding agencies to recover bad debts, all in collusion with land grabbers and even allegedly the debt recovery tribunal. In this case the recovery officer had done nothing to ascertain the real owner of the property. And now the Madras High Court has ordered a probe by the CBI. "The property which is worth more than two crore rupees has been sold for sixty five lakh rupees. So there is some beneficiary. The IREDA must have received only sixty-five lakhs," said R Suresh, Asset Management Expert. "Despite the notice they have proceeded and have confirmed the sale. They ought to have stopped," said R Subramanian, advocate. Despite the best efforts by NDTV, IREDA officials refused to come on line. Its a wake up call for all those who own property that remains locked for some reason. Land grabbers are on the prowl and your property may be up for sale, whether you like it or not.