34 Investors following Emaar MGF Land. Share this News with them.
0
Like this story, share it with millions of investors on M3
APIIC-Emaar scam: AP Home Secretary Acharya suspended
Andhra Pradesh government today suspended senior IAS officer and Principal Secretary (Home) B P Acharya who was arrested by CBI in connection with a scam relating to an township project here.
Andhra Pradesh government today suspended senior IAS officer and Principal Secretary (Home) B P Acharya who was arrested by CBI in connection with a scam relating to an township project here.
The state government said the 1983-batch IAS officer was placed under suspension following his detention for over 48 hours in the APIIC- Emaar scam.
According to the government order, "Acharya is under suspension with effect from January 30, the date on which he was detained. He shall continue to be under suspension until further orders." Acharya, former Chairman and Managing Director of Andhra Pradesh Industrial Infrastructure Corporation (APIIC), is accused by CBI of having entered into a criminal conspiracy with officials of Emaar Group and unnamed public servants to cheat APIIC and secure wrongful gains to Dubai-based infrastructure firm Emaar.
During the period of suspension, Acharya's headquarters will be Hyderabad, which he cannot leave without the government permission, the order said. As per All India Services (Discipline and Appeal) Rules, a member of the Service, who is detained in official custody, on a criminal charge or otherwise, for over 48 hours, he or she would be deemed to have been suspended.
