V. Sunanda Reddy, one of the 90-plus villa plot owners in the controversial Emaar-APIIC township, has told CBI that she signed the papers to buy the 5-acre agricultural land near Shamshabad airport.
Ms Reddy, the wife of Jagathi Publications’ vice-chairman Mr Vijay Sai Reddy, has assets worth over Rs 4crores.
“I signed (the papers) after my husband asked me to, but I don’t know how he came to know about the sale of plots in Hyderabad,” Ms Reddy, 51, said in her statement.
Witness Number 122 in the Emaar case, Ms Reddy bought the contentious piece of land for Rs 1.5 crore in December 2010, according to her statement to the investigating agency under CrPC Section 161.
Ms Reddy, who had gone to the sub-registrar’s office in Hyderabad when the agreement of sale was executed, subsequently issued two Oriental Bank of Commerce cheques — for Rs 75,95,250 and Rs 3,52,931 — drawn in favour of Stylish Holmes Real Estates Private Ltd in the last week of March 2009.
Ms Reddy and her mother-in-law are directors of Bengaluru-based Mukhari Estates Pvt Ltd.
“The house at Gopalapuram was bought in the name of my daughter, V. Neha, from our savings,” she said in the statement. “My husband and I jointly bought a commercial property on Vijayaraghava Road in Chennai in 2002, which is rented to a restaurant. We also have a house on Outer Ring Road in Bengaluru.”
Ms Reddy said she bought a plot near her house in Chennai from singer Yesudas for Rs 80 lakh in May 2009 and booked another flat from the builders ANR Constru-ctions Ltd in Bengaluru for Rs 57.72 lakh, paid through her company, in October that same year.
Ms Reddy also bought 5 acres of agricultural land in Chandragiri village of Chittoor district in August 2010 for Rs 48.3 lakh.