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| Politics
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| AP's Home Secretary arrested |
| Andhra Pradesh's Home Secretary arrested in Emaar scandal
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| INDIA
, 30-January-2012
5:42:45 AM |
| Hyderabad: One of Andhra Pradesh's most senior bureaucrats, Home Secretary B.P. Acharya has been arrested in Hyderabad.
The case involves Emaar Properties, a real estate giant headquartered in Dubai, which built a high-end hotel, golf course and luxury villas on close to 500 acres in in Manikonda. Some of the land had allegedly been acquired by farmers who were told that their property was needed to set up industrial projects.
Emaar in 2002 partnered with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) which says the developer has cheated it off crores of profit by siphoning money to Dubai. The CBI is investigating the case. In 2005, Mr Acharya was the Vice Chairman and Managing Director of the APIIC.
He is the fourth person arrested so far for this case. In recent days, an industrialist named Koneru Prasad and Sunil Reddy, who is a close aide of politician Jagan Mohan Reddy, have also been jailed. Jagan's father, YSR, was Chief Minister when the state's controversial partnership with Emaar was forged. YSR died in 2009 in a helicopter crash. Those close to Jagan claim the case exemplifies political vendetta. They believe the Congress government is using it to undermine the popularity that Jagan enjoys among voters who swear allegiance to his father even today.
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