http://www.deccanchronicle.com/hyderabad/cmo-seeks-info-emaar-deal-817
CMO seeks info on Emaar deal
The government has asked the AP Industrial Infrastructure Corporation (APIIC) to protect the interests of the state at any cost.
Reacting to a news item published in these columns, the Chief Minister’s Office (CMO) on Tuesday sought details from the APIIC on the changes made in the agreements by the Emaar Hills Township Pvt. Ltd. (EHTPL) and its impact on the APIIC’s revenues. “We have asked for a detailed note on the violations,” sources in the CMO said.
The major industries minister, Mr Kanna Lakshminarayana, also convened a meeting with the officials of the industries and APIIC and discussed the issue.
Sources said the officials briefed the minister about EHTPL entering into an agreement with Emaar MGF without informing the APIIC.
The officials also explained about the legal action being initiated against Emaar. The minister asked them to take all steps to protect the corporation’s interests.
On Monday, it was reported that APIIC accused its partner Emaar of defrauding the state in the Emaar integrated township and golf course project at Manikonda.
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