B. P. Acharya IAS

B. P. Acharya is a senior officer of the Indian Administrative Service (IAS) accused of corruption related to industrial infrastructure Real-estate projects in Hyderabad, Andhra Pradesh. Acharya was former managing director of APIIC.

Involvement in EMAAR Boulder Hills Project

There are allegations that Acharya among other government officials colluded with the promoters of the Boulder Hills project in Hyderabad to defraud the state of revenues from the real-estate project. It is alleged that officials were allocated parcels of the property at deeply discounted prices compared to the prevailing market price[1]. Acharya who previously ran APIIC and seems to have conflicts of interest with the developers[2], have refuted many of these allegations and defended earlier land allotment decisions[3][4].

Involvement in Raheja Mindspace Project

Raheja Mindspace is one of the IT parks established in Hyderabad's HITEC city developed with about 110 Acres of land allotted by APIIC [5]. Similar to Boulder hills, there are allegations of dilution of the Andhra Pradesh state's ownership (through APIIC) in the Mindspace project with active connivance of previous administrators of APIIC [6]. APIIC former managing director B. P. Acharya, principal secretary (information technology and communication) K Ratna Prabha, and Special Secretary (Information Technology) Gopi Krishna in the state Government, have been implicated by the Anti Corruption Bureau in taking decisions in favor of the developers and against the interests of the public [7][8] [9]. Acharya has refuted these allegations of impropriety [10]. Recent negotiations between the Raheja group and APIIC (and Andhra Pradesh) seek to restore the state's share in the ownership and rental revenues from the project[11] [12] [13].

References

  1. ^ Sengupta, Sudipta (13 August 2010). "Babus, politicos got prime Emaar plots?". Times of India. http://timesofindia.indiatimes.com/city/hyderabad/Babus-politicos-got-prime-Emaar-plots/articleshow/6302399.cms. 
  2. ^ "Babu has road named after him!". Times of India. 14 August 2010. http://timesofindia.indiatimes.com/city/hyderabad/Babu-has-road-named-after-him/articleshow/6308175.cms. 
  3. ^ "Acharya's bouncer". Times of India. 15 August 2010. http://timesofindia.indiatimes.com/city/hyderabad/Acharyas-bouncer/articleshow/6312663.cms. 
  4. ^ "Acharya denies wrongdoing". Deccan Chronicle. http://www.deccanchronicle.com/hyderabad/acharya-denies-wrongdoing-004. 
  5. ^ "Raheja Mindspace Project, APIIC". APIIC. http://www.apiic.in:8082/alfresco/download/direct?guest=true&path=/Company%20Home/Guest%20Home/Downloads/PDF/MindSpaceProject.pdf. 
  6. ^ "APIIC's Raheja deal gets hit too". Times of India. http://articles.timesofindia.indiatimes.com/2010-08-14/hyderabad/28280926_1_stamp-duty-developer-cent-equity. 
  7. ^ "Register case against State officials, ACB told". The Hindu. http://www.hindu.com/2011/02/20/stories/2011022056870100.htm. 
  8. ^ "FIR filed against officials in Rahejas case". Expressbuzz. http://expressbuzz.com/cities/hyderabad/FIR-filed-against-officials-in-Rahejas-case/250612.html. 
  9. ^ "IAS officers caused Rs 500 crore loss to AP". Siasat. http://www.siasat.com/english/news/ias-officers-caused-rs-500-crore-loss-ap. 
  10. ^ "Raheja case: Acharya counters petitioner's contention". The Hindu. http://www.hindu.com/2011/02/21/stories/2011022161190400.htm. 
  11. ^ "APIIC board defers decision on Rahejas' offer". The Hindu. http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/article2733778.ece. 
  12. ^ "Emaar to restore APIIC stake in JV". Times of India. http://articles.timesofindia.indiatimes.com/2011-12-21/hyderabad/30542166_1_apiic-board-apiic-chairman-emaar-group. 
  13. ^ "Ishaan Real-estate Portfolio Update". Ishaan Real-estate. http://www.ishaanrealestate.com/pdf/Trade-Update-200911.pdf.