Emaar seeks CM Support On Pending Projects In TG

Hyderabad: Dubai-based Emaar Properties has approached the State government over the company’s pending projects in various cases. Chief Minister A Revanth Reddy held a meeting with Emaar representatives at the Secretariat here on Thursday.

The Emaar Properties entered into agreements in 2001 with the then State government to invest in projects in Hyderabad in the erstwhile united Andhra Pradesh. During that period, CBI and ED registered cases in the alleged irregularities in the agreements entered by the Company with the APIIC. Investigation in the cases and hearing in the courts are still going on.

During the meeting with Emaar representatives, the officials briefed all the issues to the Chief Minister. Since the cases probed by the investigating agencies and charge sheets are related to legal issues, Revanth Reddy instructed the officials to examine the Emaar agreement documents, details of the court cases, and instructions given by the Central Government.