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CBI Summons KVP Ramachandra Rao In Emaar Case

CBI Summons KVP Ramachandra Rao In Emaar Case

posted on Jan 16, 2012 7:41AM

The CBI, which is probing the Emaar Properties scam, has summoned KVP to appear before it on Monday in connection with the Emaar case. This is the first time that he has been approached by any investigating agency.

 

The investigating agency has issued notice to Rao, asking him to appear before its officials at Dilkusha guest house here on Monday, CBI sources said on Sunday. The notice to the Congress leader was issued under Section 160 of the Criminal Procedure Code, under which an investigating officer can summon a person who appears to be acquainted with the facts and circumstances of the case.Rao, a close aide of late chief minister Y.S. Rajasekhara Reddy, was the government advisor when the share of the state-owned Andhra Pradesh Industrial Infrastructure Corporation (APIIC) in the township was reduced from 26 per cent to six per cent, causing huge losses to the public exchequer.

There are allegations that Rao played a key role in the decision to reduce the APIIC share. CBI may also question him with regard to the purchase of a plot in the township in the name of his wife. He is also believed to have information with regard to public servants and others involved in the case.

 

 

VIDEO SOURCE TV9

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