Officials of the Enforcement Directorate started questioning Rajendra Prasad, Sunil Reddy, B P Acharya (suspended IAS) 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 an account of his son in Dubai. The main charge against Rajendra Prasad is that though it was stipulated that plots should be sold at the rate of Rs 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 because of the cheating. Sunil Reddy, a close associate of Y S Jaganmohan Reddy reportedly collected Rs 90 crores from Koneru Prasad in the extra 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 here 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 V D Rajagopal and Srinivasa Reddy, MD of the Obulapuram Mining Company owned by former Karnataka minister Gali Janardana Reddy, in connection with the mining scam. They have already questioned Janardana Reddy, who is in Bengaluru jail.
On Monday, ED sleuths questioned Nimmagadda Prasad and Brahmananda Reddy, who were arrested in the Jagan assets case. Today, they questioned the accused in the Emaar case assets case. (NSS)