Rs.96 Cr of the APIIC-Emaar scam money has been diverted to the bank accounts of Mr Sunil Reddy, a close aid of the YSR Congress Party president YS Jaganmohan reddy, according to the charge sheet filed by the CBI in the case.

Mr Sunil Reddy, who was arrested for his role in the scam, has been presently lodged in the Chanchalguda jail in Hyderabad.

An amount of Rs.1 Cr was diverted to the accounts of Koneru Madhu, son of Koneru Rajendra Prasad, out of the total scam money of Rs.167 Cr. However, the details of the accounts into which the rest of the scam amount was transferred are not known.

The charge sheet says IAS officer BP Acharya took a villa in the name of his friend and another IAS officer LV Subramanyam recommended a villa for one of his friends. Retired IAS officer KV Rao took a villa in his name, according to the charge sheet.

The charge sheet totally blames Acharya for the Emaar scam and the revenue loss to the government. (JUBS)