INSUBCONTINENT EXCLUSIVE:
Vijayawada: In a major setback to the state government, the Andhra Pradesh High Court on Tuesday quashed the prosecution launched by the
lands in the new capital area of Amaravati at cheap rates, by allegedly concealing the capital status that the area was about to get
chief Chandrababu Naidu and his son Lokesh, who were privy to confidential information about the setting up of the new capital in Amaravati,
unjustifiable and clearly opposed to all cannons and basic tenets of criminal law
state government registered an FIR also against former Advocate General D Srinivas and kin of a Supreme Court judge.Aggrieved by the order,
the state government decided to file a Special Leave Petition in the Supreme Court.Maintaining that acquiring property is a fundamental
right, Justice Roy said private sale transactions carried out with the willingness of the sellers cannot be seen as a criminal act
No criminal liability can be attributed to the accused in the FIR, the court ruled.The insider trading is essentially an offence in the
the sellers, the court observed that a buyer had no legal obligation to disclose any information relating to latent advantages in the
BVR Sarma, Gayathri Realtors Ltd, Kilaru Srihasa w/o Rajesh, a close associate of former CM Chandrababu Naidu, Good Life Estates and
