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Andhra Pradesh:Twist in Emaar case,two more face prosecution
Sources said that, Mr Meena and Mr Subramaniam were responsible for the Emaar Scam coming to light. Moreover, a lawyer has filed a petition in the anti corruption bureau court alleging that these two had stalled the resignation of villas, there by causing a loss of Rs 650 Crores to the APICC.
The CBI has already filed the chargesheet against Former Emaar MGF CEO Srikanth Joshi and 12 others in connection with the APIIC-Emaar Properties case.
The properties case relates to alleged irregularities in the development of a township at Gacchibowli in Hyderabad by Emaar Properties and Andhra Pradesh Industrial Infrastructure Corporation (APIIC).
Dubai-based Emaar and its Indian associate companies allegedly in collusion with some bureaucrats diluted the equity of APIIC, causing huge loss to the state exchequer.
OneIndia News
