ED probing income source of Raju's lands

The Enforcement Directorate (ED), which has attached close to 285 properties over Rs 1,000 crore of Satyam founder Ramalinga Raju, his relatives and others on the charge of money laundering, is now probing more such assets.

Official sources said while about 285 properties were attached by the ED through an order in August, the agency is now probing the financial trail of many other properties which have been linked to Raju, his relatives and others.

They said the properties, which were aquired through various front companies, were attached under relevant sections of the Prevention of Money Laundering Act (PMLA) after it was found that firms under whose name land was bought did not have any first-hand source of income to purchase any such assets.

Sources said many of the properties were declared as farm land, even though they were prime commercial lands.

Sources said the trial in this regardswas set to start soon, with the Adjudicating Authority in the national capital issuing notices to all the accused. The ED had already recorded statements of Raju in jail.