
[m9ad]
President of India, Pranab Mukherjee who is the relevant authority for either appointing or sacking officers of All India Services, including IAS and IPS officers, also accorded permission and conveyed to the CBI officials in Hyderabad last week. Acharya had allotted 250 acres to Indu Tech Zone at Shamshabad at just Rs 20 lakh per acre in December 2005 in the name of promoting IT.
And another 8,000 acres in Anantapur district for developing a knowledge hub. Both these are dubious deals and the land was transferred to real estate purposes and generating bank loans pledging the land. Experts say there are good chances of BP Acharya getting arrested in this case. Jagan reportedly helped to Indu by influencing his father and the late CM YSR and in turn got more than 70 crore in firms owned by Jagan.
Source: Times Of India
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