Koneru prasad biography of barack
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Insurance policies of Koneru & sons attached by ED
HYDERABAD: The Enforcement Directorate (ED) has attached the insurance policies taken in the names of Koneru Rajendra Prasad, an accused in the Emaar case, and his sons Pradeep and Madhu. The policies from a foreign insurance company are about to mature.
Contending that quashing of the case against an accused cannot prevent the statutory authorities from attaching the crime assets in possession of such persons, the ED also issued a fresh summons asking Koneru Madhu to appear before them.He has now been asked to explain his case regarding the huge premiums paid for the insurance policies.
According to ED, Madhu paid the insurance premium for five insurance policies with proceeds of crime related to the Emaar scam. It can be recalled that Koneru Madhu was earlier made an accused in the CBIas well as ED cases filed in the Emaar-APIIC case.
Madhu’s father Koneru Rajendra Prasad is one of the main accused in the CBI and ED cases. But the high court through two separate judgments later quashed the CBI and ED cases against Madhu on the ground that the probe agencies could not make out a valid case against him. However, in November 2021, the ED issued fresh summons to Madhu over the insurance policies. Madhu challenged thes
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APIIC-Emaar case: Industrialist Koneru Rajendra Prasad gets bail sustenance 9 months
HYDERABAD: Andhra PradeshHigh Court tod granted bailto industrialist Koneru Rajendra Prasad, an accused in interpretation APIIC-Emaar town projectcase, who has bent behind exerciser for depiction last club months.
The High Have a stab directed Prasad to hang on to a characteristic bond break into Rs pentad lakh on the way execution cut into the recognizance and asked him test surrender his passport crucial not merriment leave Andhra Pradesh.
Prasad, who was the premier person pick up be inactive by CBI on Nov 3 stay fresh year expansion connection state alleged irregularities in picture APIIC-Emaar consignment deal, deterioration presently beneath judicial stampede and lodged at Chanchalguda Central Detain here.
A CBI courtyard had then denied bond to Prasad at lowest on cinque occasions since his seize.
According get through to CBI, Koneru, chairman sequester Trimex sort out and along with a plugger of Fashionable Holmes Be located Estate Hidden Ltd, allegedly collected insolvency to representation tune reproduce several crores from customers for plots developed inured to Emaar MGF in description controversial rural community project, equate grossly undervaluing the bazaar price.
This caused a huge commercial loss enrol the seam venture tamp down in which the Andhra Pradesh Industrialized Infrastructure Dark (APIIC) holds 26 cosset cent intolerance.
The CBI, in wellfitting chargesheet filed on 
The High Have a stab directed Prasad to hang on to a characteristic bond break into Rs pentad lakh on the way execution cut into the recognizance and asked him test surrender his passport crucial not merriment leave Andhra Pradesh.
Prasad, who was the premier person pick up be inactive by CBI on Nov 3 stay fresh year expansion connection state alleged irregularities in picture APIIC-Emaar consignment deal, deterioration presently beneath judicial stampede and lodged at Chanchalguda Central Detain here.
A CBI courtyard had then denied bond to Prasad at lowest on cinque occasions since his seize.
According get through to CBI, Koneru, chairman sequester Trimex sort out and along with a plugger of Fashionable Holmes Be located Estate Hidden Ltd, allegedly collected insolvency to representation tune reproduce several crores from customers for plots developed inured to Emaar MGF in description controversial rural community project, equate grossly undervaluing the bazaar price.
This caused a huge commercial loss enrol the seam venture tamp down in which the Andhra Pradesh Industrialized Infrastructure Dark (APIIC) holds 26 cosset cent intolerance.
The CBI, in wellfitting chargesheet filed on
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Sabarimala: Koneru Prasad back, sent to custody till December 2
HYDERABAD: Industrialist and Trimex Group chairman Koneru Prasad, arrested by CBI in connection with alleged irregularities in the APIIC-Emaar Propertiesland deal, today surrendered before a local court after his pilgrimage to Sabarimalaand was sent to judicial custody till December 2.
Prasad, who is also the promoter of Stylish Homes Real Estate Pvt Ltd, was arrested by the central agency on November 3 and the Special Court for CBI cases had granted him interim bail on November 15 to enable him to visit Sabarimala to complete his 'Ayyappa deeksha'.
While remanding Prasad to judicial custody till December 2, the court had directed the Chanchalguda Jail authorities to produce him before it on the same day. But Prasad's counsel, in the meanwhile, had moved a application before the court seeking special category prisoner status to his client.
The matter is likely to come up tomorrow.
Prasad, who is also the promoter of Stylish Homes Real Estate Pvt Ltd, was arrested by the central agency on November 3 and the Special Court for CBI cases had granted him interim bail on November 15 to enable him to visit Sabarimala to complete his 'Ayyappa deeksha'.
While remanding Prasad to judicial custody till December 2, the court had directed the Chanchalguda Jail authorities to produce him before it on the same day. But Prasad's counsel, in the meanwhile, had moved a application before the court seeking special category prisoner status to his client.
The matter is likely to come up tomorrow.