Hyderabad: CBI today arrested Andhra Pradesh Home Secretary B P Acharya, a senior IAS officer, on charges of cheating and criminal conspiracy in a case relating to alleged irregularities in land transfer and sale of villas and apartments in a township in the state.
“The CBI today arrested the then Vice-Chairman and Managing Director of Andhra Pradesh Industrial Infrastructure Corporation (an IAS Officer), presently Principal Secretary (Home) of Andhra Pradesh Government in an on-going investigation of a case,” the probe agency spokesperson Dharini Mishra said in New Delhi.
Acharya, an IAS officer of 1983 batch, was called for questioning at the CBI office here and taken into custody by the agency. The officer was produced before the special CBI court in Hyderabad which sent him to two-day judicial custody.
CBI has registered the case under IPC sections relating to criminal conspiracy, cheating, criminal breach of trust among others and relevant sections of Prevention of Corruption Act on the orders of Andhra Pradesh High Court.
The case relates to an upscale township project developed by Hyderabad-based real estate developer Emaar and Andhra Pradesh Industrial Infrastructure Corporation where Acharya was posted as Managing Director between 2005 and 2009.
The integrated project was being executed by the real estate developer under his supervision, the CBI spokesperson said.
It is alleged that through a conspiracy the stake of APIIC was diluted in the project causing huge losses to the exchequer, CBI sources said. They said plots and villas were sold at a price 10 times than that was shown on paper.
The agency has already arrested close aide of Kadapa MP Jagan Reddy, Suni Reddy and Koneru Prasad in the case.