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     Tenali_rk Side Hero Username: Tenali_rk Post Number: 5784 Registered: 05-2008 Posted From: 96.241.179.62 Rating: N/A |
Congress MP K.V.P. Ramchandra Rao is the latest VIP to feature in CBI records regarding the Emaar scam. In his statement to the CBI, Emaar Properties PJSC Dubai CEO A.J. Jagannathan has allegedly said that the crucial decision to reduce APIIC’s equity in the HICC convention centre project was taken during a meeting in which Mr Ramchandra Rao was also present. The government had come in for criticism for offloading stake in the HICC and subsequently in the township project. Mr Jagannathan said he, along with Emaar chairman Mohammed Alabbar, had met late chief minister YSR when the decision to reduce APIIC stake in the HICC from 49 to 26 per cent and to increase Emaar share from 51 to 74 per cent was taken. He said the meeting was also attended by Mr Ramc-handra Rao and Mr Koneru Prasad. After the meeting, Mr Alabbar met the CM alone, Mr Jagannathan said in his statement. http://www.deccanchronicle.com/channels/cities/hyderabad/kvp -knows-hicc-ysr-deal-emaar-743 Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition- Steve Jobs, June 12, 2005 |
