KKR Reviews APIIC-Emaar Scam

The state government has decided to initiate action against those responsible for the irregularities in the APIIC-Emaar Properties and Raheja group land allocation scams. It was also decided not to spare any APIIC officer or the private party's officials.

After going through the details of the presentation on the agreements between the APIIC and the 2 companies, Chief Minister N Kiran Kumar Reddy was briefed by the officials about the violations of agreements.

At a review meeting held at the secretariat on Wednesday, the Chief Minister made a first-hand attempt to keep himself posted about the developments which emanated from the dubious agreements that gave room for diluting the interests of the state.

The Chief Minister's keenness to know the entire episode that led to the occurrence of irregularities, which his predecessor K Rosaiah chose to keep on the back burner during his tenure, assumes a lot of importance and raised many an eyebrow.

It may be recalled that the said agreement was made during former Chief Minister Y S Rajasekhara Reddy's regime, and changes in the agreement were allegedly effected at the behest of YSR.

Hyderabad International Convention Centre, golf court and township were the joint venture projects of APIIC and Emaar Properties.

Industries Minister J Geetha Reddy, who detailed the media persons after the review meeting, informed that the Kiran Kumar Reddy government had decided about avoiding further loss to the APIIC.

Referring to the Racha Banda scheme beginning from January 24th, she made light of the Telangana Rashtra Samithi (TRS) President K Chandrasekhar Rao's call to disrupt the said function in all the Telangana constituencies.

She also expressed regrets over the issue saying that the Telangana issue was not connected to the social welfare program which was designed to help the poor.

Geetha Reddy also expressed confidence that the beneficiaries would certainly welcome the scheme as it brought gains to them.

Replying to a question on Congress leaders criticising the scheme, the minister claimed that there was democracy within the party, and hence the outbursts on the program.

Geetha Reddy also clarified that the ministers from Telangana region would meet Prime Minister Manmohan Singh for apprising him about their desire to have a separate state for Telangana.

Courtesy: INN