LV Subrahmanyam found not guilty in Emaar scam case
LV Subrahmanyam, Senior IAS officer acquitted in the Emaar scam case that emerged during the regime of YS Rajasekhara Reddy in erstwhile AP. Court quashed the CBI case against theLV Subrahmanyam saying there was no clear evidence LV Subrahmanyam, was the implementing officer of the decision taken by the council of ministers and court believs his decision had not made the other accused in the case benefit in any manner, Justice B Siva Sankara Rao was hearing the petition filed by Subrahmanyam, He was the vice-chairman and managing director of AP Industrial Infrastructure Corporation and current special chief secretary (Sports and Youth Advancement) in the AP government, seeking quashing of the case registered against him in Emaar scam. He was as MD in APIIC between September 2003 and May 2005.
private player purchased lands at `29 lakh per acre againest authorities recommendeations that the land price be fixed at `40 lakh per acre for all 535 acres given to Emaar by the state, CBI assumes in its charge sheet as Subrahmanyam ignored it. Not agreeing with the contention of the CBI, the court said the accused officer had not caused any loss to the government.