Fact Sheet: Real estate bug bites IAS,IPS, too!
Make hay, while the sun shines seems to be the policy of IAS and IPS officers in the State. With the real estate activity booming in Hyderabad and its surroundings, these officials are diverting all their ill-gotten monies into the real estate activity either directly or through benami transactions.
Several IAS officers, who got the land allotted to them by the government at nominal rates in the past in the posh Jubilee Hills and Banjara Hills areas, are now giving their properties to the real estate agencies for development at huge profits. Like our Director General of Police M A Basith. He has a posh bungalow on Road No. 1, Banjara Hills and he is now planning to give it for development as a huge commercial mall, which would fetch him huge profits.
And after the retirement, he can always apply to the government for allotment of a house at some other place. Same is the case with the other IAS and IPS officers, who are planning to apply afresh to the government for allotment of house sites. What a way to loot the public money!!
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