Emaar-APIIC twonship scam: CBI quizzes MP

CBI questioned Rajya Sabha member KVP Ramachandra Rao of the Congress,in connection with the Emaar-APIIC township scam.

Written by Agencies | Hyderabad | Published: January 16, 2012 7:16 pm

The Central Bureau of Investigation (CBI) today questioned Rajya Sabha member KVP Ramachandra Rao of the Congress,in connection with the Emaar-APIIC township scam.

KVP,who was said to be very close with the late chief minister YS Rajasekhara Reddy,said he was called by the CBI as a witness in the case.

“I was called as a witness in the case under section 160 (of CrPC). They wanted some details. I have provided them what all I know and I will cooperate with the CBI,” KVP told reporters after the questioning.

He was the government advisor,when the share of the state-owned Andhra Pradesh Industrial Infrastructure Corporation (APIIC) was allegedly reduced in a township project,jointly developed by the corporation and Emaar.

The agency had arrested businessman Koneru Prasad in the case in November last year. It was a first arrest in the case registered in August last year on the direction of the Andhra Pradesh High Court.

Dubai-based real estate firm Emaar Properties and its Indian associates were booked by the CBI for allegedly cheating APIIC in the township project. The investigating agency has named the then managing director of APIIC B P Acharya,Emaar Properties,EHTP,Emaar MGF and Stylish Homes of Koneru Prasad,besides some unnamed public servants as accused in the case.

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