In the case of scam of Emaar properties which came forward in 2012, the Enforcement Directorate (ED) which is investigating the matter filed charge sheet in the ED special Court in Hyderabad. The ED special court has taken into consideration the charge sheet, prosecution complaint, as ED calls it, and thus issued summons to Koneru Rajendra Prasad who is Chennai-based mineral exporter and also to 14 other accused involved in the scam. The summons has directed all of them it appears on July 12 before the court.
The ED has been examining the matter as per the provisions of the Prevention of Money Laundering Act (PMLA) and thus made Rajendra Prasad, his sons – Koneru, Madhu, Pradeep accused in the case.
The court also made Emaar Hills Township Pvt Ltd, Emaar MGF MD Sravan Gupta, along with the company, Stylish Homes and its director Tummala Ranga Rao, South End Projects and its director N Manohar Reddy, Indu Syam Prasad Reddy of Asara Theme Projects, Emaar-MGF CEO Srikanth Joshi, its finance head Vijay Raghav, South End Projects former director N Sunil Reddy and others as accused.
Although CBI made senior IAS officer and current AP chief Secretary LV Subrahmanyam accused in this case, the AP High Court had quashed case against him earlier, but ED never mentioned his name in case. HC is of the view that LV was not party to alleged conspiracy. HC also quashed CBI’s case on Koneru Madhu but ED did not take that into consideration and made Madhu accused in chargesheet. This was done because PLMA is monitoring proceeds of the crime.
Case against KV Rao and Boulder Hills was filed by CBI but their names were not mentioned in ED’s chargesheet. Also the name of senior IAS officer, BP Acharya’s was not mentioned as HC quashed cases filed by CBI and ED.
Courtesy/By: Renu Kathale
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21 Jun 2019
