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Cases Against 19 In APIIC Scam

Ambati Rambabu, B P Acharya and D Parthasarthy could be the big names that might land in trouble.
Hyderabad | 7th September 2010
The ACB Special Court (Nampally), on Tuesday, ordered the DGP of the Anti-Corruption Bureau to register cases against 19 persons against whom allegations have been raised that they have been involved in the APIIC-Emaar Properties scam.

The Court's directive could possibly see a case being registered against suspended Pradesh Congress Secretary Ambati Rambabu, who was in charge of the Andhra Pradesh Industrial Infrastructure Corporation, vice-chairman and managing director B P Acharya, and D Parthasarthy - who were also influential at the time the deals between the APIIC and Emaar properties were signed.

The Court's directive came about after a lawyer, J Krishna, representing an advocate Sri Ranganatha Rao (a member of the Telangana Lawyers Joint Action Committee), filed a petition before it. The petition sought the Court to order cases to be registered, and claimed that prime lands worth crores of rupees had been allotted by the APIIC to the Emaar Properties frivolously.

The petitioner also sought the Court to order rescinding of 16 contracts between the APIIC and Emaar properties.

The Court went through about 600 documents submitted by the lawyer, and then ordered the registration of a case against the 19 persons named in the petition. The lawyer had obtained the documents through the Right to Information Act.

Courtesy: INN
filed in:  Anti-Corruption Bureau, Corruption, B P Acharya, Ambati Rambabu, APIIC, Emaar Properties
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