A Special CBI Court has granted bail to suspended IAS officer B. P. Acharya, now lodged in Chanchalguda jail in connection with the Emaar township scam.
Mr. Acharya was arrested on January 30, a day prior to the Central Bureau of Investigation (CBI) filing the charge-sheet in the case.
Mr. Acharya was given the bail after he, along with Trimex Group chairman Koneru Prasad, was produced before the court through video linkage with the Chanchalguda central jail.
Justice B. Nagamaruthi Sarma announced that he was taking cognisance of the charge-sheet only on Friday and that with the CBI failing to secure sanction from the Government of India to prosecute Mr. Acharya, he could not extend his judicial remand further.
The judge granted bail to Mr. Acharya on the condition that he furnish two personal bonds of Rs. 25,000 each. He however extended the remand of Koneru Prasad till March 30.
Mr. Acharya was Vice-Chairman and Managing Director of A. P. Industrial Infrastructure Corporation (APIIC) from 2005 to 2010 when the Corporation assigned 535 acres of land at Nanakramguda here to Dubai-based Emaar Properties for development of a township that included villas and apartments. At the time of his arrest, he was Principal Secretary to the Government, Home Department.
