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The case relates to alleged fraud by Lt Col M G Thimmaya, the then Estate Manager, DRDO, and a property developer N H Rustumji in filing a joint memo before the Supreme Court in a land dispute matter.
Thimmaya allegedly gave the memo in the Supreme Court in the land dispute matter which was different from that cleared by the Defence Ministry.
"The allegation is related to criminal conspiracy between the accused during the year 2004-06, pursuant to which the officer abused his official position and cheated the Government through the transfer of 12 acres and one gunta of land in favour of a private person against the decision taken by the Ministry of Defence," CBI Spokesperson said here today.
The agency today carried out searches at the residential permises and office of Thimmaya, now with Defence Ministry in Hyderabad, and Rustumji in Bengaluru.
The vigilance department of the Defence Ministry had pegged the alleged scam at Rs 500 crore.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)