Top officials of the SBI of Hyderabad and HDFC of Chennai today met the CBI team probing the APIIC-Emaar land scam at its Koti office and handed over several documents relating to the transactions done by the buyers of plots and villas in the Emaar Hills estate.

Emaar Estates representatives also met the CBI officials and answered questions with regard to the allotment of villas and plots in the Emaar Hills Township at Hyderabad.

The special CBI court had on Monday rejected the bail application of the main accused in the APIIC-Emaar land scam Mr Koneru Prasad who has been lodged as A class prisoner in the Chanchalguda jail presently.

Prasad has been facing the allegations of diversion of funds to the tune of Rs.130 Cr generated in the scam to the accounts of his family members. CBI says this amount should have gone to the coffers of the APIIC. (JUBS)