 |
 |
APIIC-Emaar Scam: Ambati Kin Among The Beneficiaries
Publish Date:Aug 24, 2011
.jpg)
Advertisement
Ambati Rambabu, considered a staunch loyalist of YS Jagan Mohan Reddy, was APIIC chairman during the tenure of late YS Rajasekhar Reddy. He might be feeling happy to see that so far his name hasn't been included in the FIR filed by CBI in the APIIC-Emaar scam, though his brother cornered a villa at the Emaar Hills Township Pvt Limited (EHTPL) at a throw away price.
According to Emaar properties reports, Ambati Murali Krishna, brother of Ambati Ram Babu, bought a villa apparently using his brother's influence on EHTPL. According to Emaar properties reports, Ambati Murali Krishna was allotted plot no B-3 spread over an extent of 1,113 square yards at a throwaway price of Rs 5,000 per square yard when the actual market value prevailing at that time was not less than Rs 40,000 per square yard along with other high-profile buyers like industries minister J Geetha Reddy, former PCC chief D Srinivas, TDP president N Chandrababu Naidu's daughter-in-law Nara Brahmani, several bureaucrats, film stars and others.
Advocate T Sriranga Rao, who earlier made Ram Babu a respondent in the ACB court in the APIIC-Emaar scandal, alleged Ram Babu benefited from Emaar by getting a villa registered in his brother's name. "There are several influential persons who got the villas registered in their names by officially paying just Rs 5,000. However, the actual market value was more than Rs 40,000 at that time. As a result, APIIC lost several thousands of crores," says Mr. Ranga Rao.
http://www.teluguone.com/news/content/ambati-rambabu-apiic-chairman-20-5798.html
|
|
|
Rajnath Singh smooth punch to congress for coining Hindu Terrorism
Kejriwal urges Jung to dissolve Delhi assembly, says delay encouraging poaching of legislators
.jpeg)
Former minister D.K. Samarasimha Reddy met Telugu Desam chief N. Chandrababu Naidu on Monday at Gadwal, sparking off rumours that he might be joining the TD
.jpg)
New HRD minister M Pallam Raju received the biggest promotion in Sunday's ministerial reshuffle and the decision may have gone down to the wire before the mantle fell on the Kakinada MP
.jpg)
Trusts and charities in Andhra Pradesh are the third biggest recipient of foreign funding in the country. In just one year, these organisations received Rs 1,324.87 crore from abroad in 2009-10,
.jpg)
Hurricane Sandy Photos: Millions of people are without power in the U.S. northeast as the powerful post tropical storm Sandy pummels the region with hurricane force winds, rain, and a dangerous storm surge that has caused flooding in many coastal areas including parts of New York City.
.jpg)
Hurricane Sandy News: Millions of people are without power in the U.S. northeast as the powerful post tropical storm Sandy pummels the region with hurricane force
.jpg)
After posing nude for the cover of the Playboy magazine, actor Sherlyn Chopra is all set to set the screen on fire in Rupesh Paul directorial next “Kamasutra 3D”.
.jpg)
Actor Nani Marriage Pics: Nani and his fiancee Anjana's marriage was held at the Rishikonda Resorts in Vishakapatnam on 27th October, 2012.
.jpeg)
A Tsunami warning had been issued for Hawaii on Sunday. Hawaii is fairly exposed to waves which are usually generated by volcanic activity along the west coast of the Americas.
.jpg)
