A 50-acre land, 'allotted' to Satyam Computers for setting up an IT Park at Kapuluppada village near Visakhapatnam, is now being handed over to the Indian Navy.

On a request from Satyam, the state government "allotted" the land three years ago as part of its initiatives to promote growth of Information Technology companies in Tier-2 cities.

Though officially the land was not handed over to Satyam, the software company reportedly built a fence around the land and claimed ownership.

The Times of India