In a sudden move, the UP government transferred Santosh Yadav, CEO of YEIDA, on Monday. Yadav had taken charge of the post on June 8. This is his third transfer in five months.
The IAS officer has not yet been given any new posting and kept in waiting. No one has been posted in Yadav’s place either. On assuming charge of YEIDA in June this year, Yadav had immediately taken up the farmers’ issue of distribution of enhanced compensation of 64.7%, which had been hanging fire, so that development in the area could take wings.
In his effort to expedite development, Yadav was bent on collecting an outstanding amount of nearly Rs 1,500 crore, a large chunk of which has to come from developers and builders. He had recently issued warnings of impending cancellation of lease deeds of property owners if they did not pay up.
Sources told the powerful builder lobby could be behind Yadav’s transfer as the former YEIDA CEO had some vital information pertaining to questionable allotment of land parcels in Yeida area, besides his overzealous effort to collect arrears from property owners. Incidentally, besides wooing several foreign investors during his tenure, Yadav managed to pay back a principal amount of YEIDA’s loan in his three months as CEO, amounting to Rs 500 crore taken from banks and the Noida Authority. YEIDA has to pay back a debt of Rs 3200 crore, sources said.
Yadav, a 1995-batch IAS officer, was posted as vice-chairman of the Ghaziabad Development Authority till May 20, 2015, after which he was appointed as secretary to UP chief minister Akhilesh Yadav. However, the state government transferred Yadav to YEIDA as CEO on June 8, 2015.