ED questions Emaar accused in jail
Officials of the Enforcement Directorate started questioning Rajendra Prasad, Sunil Reddy and BP Acharya (suspended IAS officer) in connection with the Emaar Properties scam on Tuesday morning.
It is learnt that the ED sleuths have been questioning them about the money siphoned off from India. CBI found that Prasad had transferred most of the money he had illegally earned through the sale of Emaar Villas, to his son’s account in Dubai. The main charge against Rajendra Prasad is that though it was stipulated that plots should be sold at the rate of `5,000 a square yard, he sold them at much higher rates and pocketed the money without the knowledge of the APIIC in the joint venture partnered by the government corporation. The State government has lost heavily as a result.
Sunil Reddy, a close associate of Jagan Mohan Reddy reportedly collected `90 crore from Koneru Prasad in the illegal profit made by him. CBI is suspecting that the real beneficiary of the money collected by Sunil Reddy was the YSR family.
Now ED authorities are questioning the accused about the money siphoned from India. It may be mentioned that ED sleuths have got court permission to question the accused of Jagan properties, Emaar Properties and OMC cases. On Sunday, they questioned suspended IAS officer Srilakshmi, former director of mines VD Rajagopal and Srinivasa Reddy, MD of the Obulapuram Mining Company owned by former Karnataka minister Gali Janardhana Reddy, in connection with the mining scam.
On Monday, ED sleuths questioned Nimmagadda Prasad and Brahmananda Reddy, who were arrested in the Jagan assets case.
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