The Enforcement Directorate Monday said it has seized more than 300 sale deeds of properties "acquired" by former YSRCP MP M V V Satyanarayana and some others, apart from 'benami' land passbooks, following raids against them in an Andhra Pradesh government land grab case.

The federal agency conducted searches against the former legislator and an auditor, Gannamaneni Venkateswara Rao, on October 19 at five locations in Visakhapatnam. Satyanarayana was a YSRCP MP from 2019 to 2024. He unsuccessfully contested the Andhra Pradesh assembly polls earlier this year from the Visakhapatnam East seat.

The case pertains to a 12.51-acre land (with a market value of more than Rs 200 crore) that was allotted by the state government to the promoters of a company for creating housing projects for old-age people and orphans.

The ED said in a statement that the Andhra Pradesh Police FIR file at the Arilova police station in Visakhapatnam charged Satyanarayana, Rao and a third person, Gadde Brahmaji, for "forging" signatures, "fabricating" sale documents and using "coercion" to "grab" the land.

The land located in Yendana village of Visakhapatnam was allotted by the state government in 2008 to a company named Hayagreeva Farms and Developers for the construction of cottages for the elderly and orphans. The land, according to the ED, was registered in the name of the company in 2010 on payment of Rs 5.63 crore.

"However, as per records of Andhra Pradesh Registration and Stamps Department, the market value of the said property as on the date of conveyance deed was around Rs 30.25 crore," it said.