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January 31st, 2012
Andhra Pradesh Home Secretary BP Acharya arrested..

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.