Emaar Moves SC Against Probe

Emaar Properties has moved the Supreme Court to stall the on-going CBI probe on its dealings, and the apex court is expected to take up the hearing for the admission of petition on Friday.

Earlier, Y S Jaganmohan Reddy, too, made a futile attempt to move the Supreme Court for a stay on the CBI probe against him in the disproportionate assets case.

Jagan's petition was turned down, and now, Emaar is reportedly trying to make another attempt to obtain a stay from the Supreme Court.

Meanwhile, CBI Joint Director V V Laxminarayana categorically stated that the CBI would closely coordinate with the Enforcement Directorate to speed up the investigation. He hoped that the investigating agencies would unearth more truths and evidence in the case of illegal allotments of lands to Y S Jaganmohan Reddy and his business associates on a quid pro quo basis under the command of former chief minister Y S Rajasekhara Reddy from 2004 to 2009.

The CBI has also issued a notice to former Commissioner of the Information & Public Relations (I&PR) department K Parthasarathy, on the charges of favouring Jagan's company under the instruction of YSR while causing huge losses to the state's exchequer.

If the notices are not responded to as per provisions, Parthasarathy may be arrested, a reliable source said.

Earlier, another IAS officer, who was the Managing Director of APIIC, B P Acharya, had also come under the CBI's tentacles.

Parthasarathy will be the second senior IAS officer to face a grilling by the CBI and the ED.

Earlier, 74 notices were issued to different companies who allegedly violated the Anti-Corruption Act, FEMA, Money Laundering Act and the Land Acquisition Act, among others. These companies now face interrogations by the CBI and the Enforcement Directorate.

Meanwhile, V V Laxminarayana clarified that no CBI officer had gone abroad in connection with the ongoing probe. He refused to divulge more information, stating that it would hamper the conduct of the investigation. (INN)