Emaar case probe by CBI faulty: YSRCP

Hyderabad, September 17:The lopsided investigation of CBI has
once again come to fore with the investigation agency filing a third
charge-sheet in the Emaar Properties case on Saturday letting all the main
conspirators and abettors off the hook, YSRCP spokesperson Vasireddy Padma has

“The protracted investigation has gone on expected lines with
Congress and TDP having a tacit understanding, each saving the other and
shifting the blame on people close to YSR family. The script is written by
Delhi bosses and prompted by N Chandrababu Naidu both targeting YS Jagan Mohan
Reddy, his family members and associates,” she said at media conference
here on Monday.

CBI told the court that the "Emaar scam is worth Rs 215 Cr
and the end beneficiaries are N Sunil Reddy, Koneru Rajendra Prasad and Emaar
MGF Land Limited" and has removed the name of Tummala Ranga Rao, the
director of Stylish Homes Real Estates Private Limited, as he turned approver
in the case.

The manner in which CBI concluded its investigation into the
multi-crore scam shows that it is inclined towards saving Congress biggies, TDP
President N Chandrababu Naidu, who was instrumental in the land allotment and
other irregularities, and persons who were willing to cooperate with it in
targeting people close to YSR family, she said.

CBI methodology of investigation in YS Jagan Mohan Reddy’s case
was altogether different and its duality in functioning was well established.
On hand, it has just ignored the person(s) responsible for Emaar scam while it
went on a hot pursuit in arresting YS Jagan Mohan Reddy in the 26 GOs case
though he was never in the Government, she said.

There is no evidence that CBI has ever questioned N Chandrababu
Naidu, who has allotted 535 acres of prime land in the city at a throw-away
price of Rs 29 lakh per acre and the extent of land was doubled from 230 acres
overnight. There is also documentary evidence that the TDP President’ family
members have sold an adjacent land for Rs 1 Cr per acre three years prior to
the Emaar allotment. The loss to the ex-chequer can be gauged by this on deed,
she said.

“CBI has hoodwinked this anomaly along with many others and its
functioning clearly establishes that its brief is to save N Chandrababu Naidu
who will in turn protect the Congress government and the duo shall target YS
Jagan Mohan Reddy,” she said adding that the investigation agency has ignored
Vigilance Commission report on the issue as well as many other documented

On N Chandrababu Naidu’s declaration of assets and the
subsequent uncalled for arguments, she said: “we have just asked a simple
question as to how the land value has depreciated as the amount varies from the
affidavit he has filed in 2004 and 2009 before elections to his latest
declaration of assets.  TDP leaders should answer this basic question
instead of using their lung power and picking up a debate.”

How an MLA with 2.5 acres of land can earn the huge amount of
money N Chandrababu Naidu  himself has voluntarily disclosed is the
point to be answered, she said.

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