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Thursday, August 9, 2007

Ramoji asked to surrender surplus 1500 acres land

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In what is seen as a major bow to the image of Ramoji Rao and the biggest setback in his life, is the verdict delivered by the Land Tribunal today. The verdict comes after about nine months of hearing. In the order, the tribunal has said that Ramoji Rao possesses about 1804 acres of land. This is in excess of the stipulated 500 acres. The land holding is spread across Film city, Shamshabad, Chittoor, Kankipadi and other place in the state.

The land is in the names of RFC, Eenadu, Margadarsi, Ch Kiran, Ch Suman, Dolphin hotels and other group entities. With this order, Ramoji Rao now has no option but to surrender the excess land that could be up to 1,500 acres.

The tribunal passed the orders and has given Ramoji Rao 15 days time to respond. If the fails to respond, the tribunal will have the right to take back the lands.

The only concession that Ramoji Rao can expect is that he can decide on which land to keep and which land to surrender. The choice of retaining 500 acres of land vests with Ramoji Rao. More details about the tribunal’s verdict are awaited.

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