CB-CID raids Suryanarayana Raju's house in Hyderabad
January, 22nd 2009
CNBC-TV18 learns that the Andhra Pradesh CB-CID has raided the house of Suryanarayana Raju in Hyderabad and recovered 112 sale deeds of different land purchases and development agreements.
Suryanarayana Raju is the youngest sibling of Ramalinga Raju and owns 4.3% in Maytas Infra, the infrastructure services firm promoted by the Raju family.
Documents of 41 companies have been recovered, which include meeting minutes, income tax returns and bank accounts. Several cheque books, cash vouchers in Ramalinga Raju's name have also been recovered. The raids began last night and continued throughout today.