New Delhi: Senior IAS officer and Andhra Pradesh Principal Home Secretary B P Acharya was arrested by the CBI on Monday in a case relating to alleged irregularities in land transfer and sale of villas and apartments in a township in the state.
Acharya,a 1983 batch IAS officer of Andhra Pradesh cadre, Acharya, was the then Managing Director of the APIIC, has been named by the CBI in the FIR. His residences were searched in August last year.
According to sources,he was called for questioning at the CBI office in Hyderabad and was later taken into custody.
On instructions of the state high court, the CBI on August 17 registered a case against Acharya and the real estate developer under IPC sections pertaining to cheating, criminal conspiracy and provisions of Prevention of Corruption Act.
The township has been jointly developed by state-run Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and Dubai-based infrastructure firm Emaar and the said case relates to alleged dilution of APIIC equity from 49 per cent to 26 per cent in the project.