CBI grills Jagan's aide in Emaar case

The Central Bureau of Investigation (CBI) on Saturday began grilling an executive of Emaar MGF and an aide of YSR Congress Party leader Y S Jaganmohan Reddy in the Emaar-APIIC township case.

Venkat Vijay Raghav, finance head (south) of Emaar MGF, and Sunil Reddy were questioned separately by CBI officials at Dilkusha Guest House – the camp office of the investigating agency.

The accused were brought from the Chanchalguda Central Jail to the guest house for questioning. The AP High Court on Friday remanded Vijay Raghav and Sunil Reddy to CBI custody, for five and three days respectively. The CBI moved the high court after the special court dealing with CBI cases had refused to remand them in the investigating agency’s custody.

The CBI officials said the questioning would continue till 5 pm and the accused would shift back to the jail every day as directed by the court.

Sunil Reddy was arrested on January 24 and Vijay Raghav four days later in the case, in which Emaar Properties and its associate companies in collusion with some government officials allegedly cheated AP Industrial Infrastructure Corporation (APIIC) by diluting its equity in a joint venture for upscale township in Hyderabad.