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Hyderabad, Telangana, India
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Monday, February 13, 2012

Love triangle at the centre of UK stabbing

Unrequited love is said to be at the centre of the stabbing of Hyderabadi student Praveen Reddy in London on Friday evening. The 26-year-old man was stabbed and critically wounded allegedly by fellow Indian students, apparently all of them his childhood friends from Hyderabad, after a brawl broke out at a party at his flat in Newham, a suburb of London.The London Metropolitan Police said on Sunday that they have so far charged three Indians with attempt to murder.They are: Amareshwar Arava, 25, Sai Kishore Balguri, 25 and Nishant Puttapaka, 23, all Hyderabadis.The three will appear at the Thames Magistrates’ court on Monday, police said.Praveen Reddy’s family, who live in L B Nagar in Hyderabad, said they have been informed by Scotland Yard detectives that the stabbing was the outcome of a quarrel Praveen Reddy had with another student who was his rival for the love of a woman, also from Hyderabad.The family said a detective named Tracy told them that Praveen Reddy had become interested in a girl who, however, preferred his friend Charan.The family learnt that on Friday, the entire Hyderabadi group of friends assembled at Praveen Reddy’s Kent Street flat to celebrate Charan’s birthday.The woman was there too.While the party was in progress, there was friction between Charan and Praveen Reddy.As things heated up, the latter reportedly beat up Charan with the lid of a rice cooker, and Charan and three others hit back, stabbing Praveen with a knife.After the incident, Charan and the girl fled the spot.Doctors found eight stab wounds on Praveen Reddy’s chest and stomach, and performed a 12-hour long surgery.His condition is said to be critical.Praveen Reddy was studying for an MBA degree at the London School of Business.All the people involved in the episode are said to be his childhood friends with whom he went to Dilsukhnagar Public School in Hyderabad.Charan’s parents live at Chaitanyapuri in the city.Praveen Reddy’s father J Sudhakar Reddy left for London Sunday evenin.

By Mouli Mareedu
moulimareedu@gmail.com

Monday, February 6, 2012

Koneru introduced Emaar to government: CBI

The Central Bureau of Investigation, which is probing the Emaar properties-APIIC scam, says in its charge sheet that Koneru Prasad, the key accused in the case, was the person who introduced the Dubai-based company to the state government to promote and develop an integrated project consisting of an international convention centre, a star hotel, a golf course and residential villas. And, he misappropriated a sum of `96,01,75,000, it alleges. A part of the scheme was to develop 285 acres of land and to have various sizes of plots for villas, town homes and apartments with a land use plan to provide the residents a maximum view of the golf course.On February 1 the investigation agency filed the charge sheet against seven accused persons and five private companies before the special judge for CBI cases.The voluminous charge sheet includes the names of senior IAS officer LV Subrahmanyam, who is now TTD executive officer, besides arrested IAS officer BP Acharya and a retired IAS officer Vishveshwara Rao.The name of Madhu Koneru, son of industrialist Koneru Prasad (already arrested), has also been included.According to the charge sheet, Koneru Prasad was the person behind the project and he was instrumental in the memorandum of understandings and other agreements being signed and government orders issued pursuant thereto.Stylish Homes Pvt Ltd was Prasad’s brain child and was instrumental in entering into an agency agreement with Special Purpose Vehicle (SPV-I) and Emaar Town Hills Private Limited, a joint venture company.Its director Tummala Ranga Rao acted at the behest of Prasad and sold the villas over and above the documented price of `5,000 a square yard and collected a sum of `138 crore which was not accounted for.“The money so collected was disbursed as per the instructions of Prasad herein clandestinely to have a wrongful gain and to cause wrongful loss to the APIIC.’’ The CBI alleges that Koneru Prasad misappropriated a sum of `96 crore and committed criminal breach of trust and misappropriation of public funds.

By MouliMareedu
moulimareedu@gmail.com