Andhra Pradesh Home Secretary B.P. Acharya was arrested by the Central Bureau of Investigation here on Monday for his role in the irregularities in allotment of high-priced plots for villas in the township project of Dubai-based real estate developer Emaar.
He is the fourth person arrested in the case after Trimex group chairman Koneru Prasad; Sunil Reddy, an aide of Kadapa MP Y.S. Jaganmohan Reddy; and G. Venkat Vijay Raghav, a top executive of Emaar MGF.
Mr. Acharya, a senior IAS officer, was vice-chairman and managing director of the public sector A.P. Industrial Infrastructure Corporation (APIIC) in 2005-10 when the alleged irregularities were committed. The APIIC is a joint venture partner in the project with Emaar Properties, with a 26 per cent stake.