CBI probe in Emaar case faulty: YSRCP

Press
Release 

CBI probe in
Emaar case 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 said.

“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 crore 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 core 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 records.

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.