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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Wadiyar assets’ auction: Apex Court restrains action on ‘dummy bidder’ in Mysuru

New Delhi: The Supreme Court, in a case related to fraudulent auctioning of a 10 acre property worth Rs.8.5 crore belonging to the former ‘Maharaja of Mysore’ for a meagre amount of…

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Published July 26, 2019 · 2 min read
wadiyar assets’ auction: apex

New Delhi: The Supreme Court, in a case related to fraudulent auctioning of a 10 acre property worth Rs.8.5 crore belonging to the former ‘Maharaja of Mysore’ for a meagre amount of Rs. 21 lakh in 1995, has restrained the CBI and other authorities from taking any coercive action against one Narayanmurthy. He has been convicted in this case and sentenced to three years imprisonment.

The properties were next to Mysuru Zoo and belonged to late Srikantadatta Narasimharaja Wadiyar, descendant of former Maharaja of Mysore, and had dues amounting to Rs.7.51 crore to the Income Tax (I-T) Department as arrears. He had written to the then Finance Minister Dr. Manmohan Singh against the I-T officers for under-valuing properties worth crores of rupees, which led the CBI to register an FIR on Feb.5, 1996, against several persons including public servants.

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