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DL demands CBI probe, action against Acharya over APIIC-Emaar deal

Wed 06th Oct 2010 09:13 AM
DL demands CBI probe, action against Acharya over APIIC-Emaar deal
DL demands CBI probe, action against Acharya over APIIC-Emaar deal

Demanding a Central Bureau of Investigation probe into alleged dubious land agreements between the Andhra Pradesh Industrial Infrastructure Corporation and Emaar Properties, Senior Congress MLA Dl Ravindra Reddy urged government to initiate stern action against those who are involved in the murky dealings.

Talking to media persons at CLP office on Wednesday, Mr Ravindra said only CBI can give a comprehensive report on the dubious deals. He said that the irregularities to the tune of Rs 11,000 crore are believed to have taken place in the dubious land dealings.

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During the deals between APIIC and Emaar Properties from 2004 till date, the APIIC has got only Rs 30 lakhs profit and suffered thousands of crores of loss, the MLA stated.

He questioned why the government had not yet order a CBI probe into the issue as the state-owned APIIC suffered loss to the tune of Rs 11,000 crore.

Mr Ravindra also urged the government to suspend Principal Secretary, Industries and Commerce, BP Acharya and order an inquiry into his appointment to the APIIC as Chairman and Managing Director.

Despite serious allegations, why the government is continuing him in the post, the MLA questioned.

Mr Ravindra urged the government to initiate action against the guilty based on Solicitor General Gopala Subrahmanyam’s report and book criminal cases against all guilty, who are involved in the land dealings.

He also suspected the role of Telugu Desam Party as the party was not raising its voice against it and keeping mum.

Mr Ravindra pointed out that the TDP has raised a hue and cry over the Bofors scandal during former Prime Minister Rajiv Gandhi tenure. Now it is keeping mum on APIIC-Emaar issue. So it is creating doubts in the minds of people over the role of the TDP in the scam, he stated.