Accused in Emaar MGF-APIIC land scam appears before ED court

HYDERABAD: Koneru Rajendra Prasad and others accused in the Emaar-APIIC land scam case appeared before a special Enforcement Directorate (ED) court on Friday. Last week, the court had issued summons and directed them to be present in the court.
The prosecution stated that APIIC land had been entrusted to Emaar for developing township and other facilities, but Emaar tied up with the Delhi based company, MGF. Emaar formed the joint venture Emaar- MGF with the company and sidelined APIIC to the detriment of the public exchequer.
While the Central Bureau of Investigation (CBI) probed into the main crime, the ED went into the money laundering part of the crime. It made Koneru, Thummala Ranga Rao, N Sunil Reddy, G Vijaya Raghava, Koneru Pradeep, Manohar Reddy, I Syam Prasad Reddy and others as accused in the case. The court posted the case to August 21.


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