CBI to file another chargesheet in Emaar

HYDERABAD: The CBI will file another chargesheet in the Emaar land scam.This was stated by the investigation agency before the CBI court while opposing the bail petition of N Sunil Reddy, an accused in the scam. The CBI counsel informed the court that they were probing the end use of money (in the scam). “We have information where that money is parked. We are moving in that direction. We are going to file another chargesheet,” the CBI counsel said.“Between 2004 and 2011, he filed income tax returns showing Rs 99 lakh income. However, in 2006 and 2010 he acquired property worth Rs 2.84 cr. We are investigating that aspect,” the CBI said. Ten companies pumped Rs 45.21 cr into Southend Projects of Sunil Reddy. The managers of the companies were absconding.Principal special judge A Pullaiah asked whether it was deemed that there was no chargesheet as the second chargesheet was returned by the court. The CBI said the court would take into consideration whether a chargesheet had been filed or not and not its validity. The judge posted the petition for orders on May 25.