The Central Bureau of Investigation ( CBI) on Monday filed its supplementary chargesheet in the Emaar scam case specifying the roles of actors like N.Sunil Reddy, an associate of Kadapa MP YS Jaganmohan Reddy, and G.Vijay Raghav and Sravan Gupta of Emaar-MGF company. Sunil Reddy was charged with diverting Rs 60 crore of scam money through his company, South End Projects.
According to the contents of the chargesheet, Sravan Gupta and Vijay Raghav, after selling villa plots at high rates, omitted mention of the same in the books of the joint venture vehicle floated by APIIC and Emaar, causing a loss to the exchequer.
They conspired with Mohd Alabbar and Koneru Prasad of Emaar properties and BP Acharya, the then MD of APIIC, for personal gains, the chargesheet says.
The 53 page charge sheet also displayed with 28 documents and 30 new witnesses and that a huge sum of Rs.1246 core were garnered by Sakshi from various investors on the Quid Pro Quo route. Three investors Dandamudi A.K., Madhav Ramachandran and TR Kannan told CBI that they were coerved to invest Rs.34 crore into Sakshi by Vijay Sai Reddy and co