Emaar owner spills beans and turns as approver

September 30, 2011 01:58
Emaar owner spills beans and turns as approver

EMAARWell as every one knows regarding Emaar properties scam,As One of the 86 owners of the plush villas in Emaar Boulder Hills township is understood to have turned acceptor before the Central Bureau of Investigation,So giving the agency the much required breakthrough in the case.

Accordingly, the CBI is gearing up for a second round of questioning of at least 15 owners, who are mostly businessmen and who gave evasive or cryptic replies to the agency in the first round of questioning.

As Sources said to Express that one of the owners (name withheld) spilled the beans before the investigating agency, saying that he did pay cash over and above the cheque component, allegedly to Emaar officials.

It was alleged that Emaar officials had taken cash from several buyers, which actually should have been credited to the state government, causing loss to the exchequer to the tune of several hundred crores of rupees.

It is learnt that the owner also told the CBI that he was in the knowledge that several other villa owners had paid cash over and above the cheque payment.

According to sources,as this augmentation has come at a time when the CBI is digging to get leads in the Emaar case.At any time the second round of questioning is likely to begin.

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Emaar  owner  properties  turns  approver  CBI  wednesday