This Article is From Mar 27, 2012

Court asks Emaar scam accused to be present on Mar 30

Court asks Emaar scam accused to be present on Mar 30
Hyderabad: The Special Court for CBI cases has ordered issue of summons to Emaar scam accused anddirected for their appearance before it on March 30 when they would be handed over copies of charge sheet.

The CBI had chargesheeted former Andhra Pradesh home secretary and senior IAS officer B P Acharya and others in thecase relating to alleged irregularities in land transfer and sale of villas and apartments in the controversial Emaar Hillstownship project on February 1.

"The court issued summons against the Emaar scam accused and they were directed to be present before it onMarch 30 wherein they would be handed over copies of the chargesheet," sources said.

Acharya and others like industrialist and chairman of Trimex group Koneru Prasad, his son Madhu and Stylish HomesDirector T Ranga Rao, who have been named in the chargesheet have been asked to appear before the court, they said.

As sanction of prosecution against another senior IAS officer and executive officer, Tirumala Tirupati Devasthanam(TTD) L V Subrahmanyam, who has also been named in the chargesheet was yet to be obtained, no directions were issued against him, they said adding however, Acharya who wasreleased on bail by the court (on March 16) for want of sanction for prosecution was directed to appear before thecourt as he was the nominee director of APIIC on board of Emaar Hills Township Private Limited (EHTPL).

The CBI had earlier charged the Emaar scam accused under IPC sections relating to criminal conspiracy, cheating,criminal breach of trust among others and relevant sections of Prevention of Corruption Act.

The central agency, in its FIR in August last year, charged that Acharya, then Chairman and Managing Director ofAndhra Pradesh Industrial Infrastructure Corporation (APIIC), entered into a criminal conspiracy with officials of EmaarGroup and unknown public servants to cheat state-run APIIC and secure wrongful gains to the Dubai-based infrastructure firmin the township project.