Thaindian News

Hyderabad, June 2 (IANS) A CBI special court here Saturday issued summons to Indian Administrative Service (IAS) official L.V. Subrahmanyam in Emaar-APIIC township case.

The Central Bureau of Investigation (CBI) special court directed Subrahmanyam, chief executive officer of Tirumala Tirupati Devasthanam (TTD), to appear before it June 18.

The judge also asked Chanchalguda Central Jail authorities to present B.P. Acharya, another IAS officer and accused, in the court the same day.

The court while taking cognizance of the charges against them issued the summons. Acharya was arrested by the CBI in January and is since lodged in jail. He was principal secretary (home) at the time of his arrest.

Both the officers had served as vice chairman and managing director of Andhra Pradesh Industrial Infrastructure Corp (APIIC) between 2002-09.

The CBI court decided to proceed against them under the provisions of Indian Penal Code (IPC) as the government had not given its nod for their prosecution under the Prevention of Corruption Act.

Acharya faces charges of criminal conspiracy and criminal breach of trust by public servant while Subrahmanyam has been charged with criminal conspiracy and abetment.

The CBI believes their decisions allegedly caused losses to the public exchequer as APIIC’s equity in the joint venture with Emaar Properties was reduced and it benefited Dubai-based Emaar and its Indian associates.

They were among 13 accused who figured in the first charge sheet filed by the CBI in February. The agency also filed a supplementary charge sheet last month.

The CBI court May 31 had issued a non-bailable arrest warrant against Emaar MGF Land managing director Shravan Gupta in the same case.

While taking cognizance of the supplementary charge sheet, the court issued a prisoner transit (PT) warrant against two other accused G.V. Vijaya Raghava, finance head of Emaar MGF (South), and N. Sunil Reddy, an alleged aide of MP Y.S. Jaganmohan Reddy. Both Vijaya Raghava and Sunil Reddy are lodged in Chanchalguda Jail.

The central agency alleged that APIIC was deprived of its legitimate revenue share to the tune of Rs.43.5 crore from the township project at Gachibowli even as Emaar Properties and Emaar MGF obtained pecuniary gain of about Rs.167 crore.