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(d) & 15 of the Act, by referring to the PIL, registration of crime by CBI on court direction with reference to the facts against M/s. Emaar Properties etc., and the MOU between APIIC and M/s. Emaar Properties and SPVs 1 to 3; saying while LVS was working as VC&MD, APIIC, GoAP, during September 2003 to May 2005, modalities/implementation structure of the integrated project was finalized by GoAP on recommendation of APIIC and LVS was required to ensure the execution/implementation of the integrated project as per terms of GO.Ms.No.359 dated 04.09.2002, the collaboration agreement dated 19.08.2003, G.O.Ms.No.14 dt.11.01.2005 and G.O.Ms.No.22 dated 27.01.2005 issued by I&C Dept., GoAP and supplemental agreement dated 19.04.2005 executed between APIIC and M/s. Emaar Properties, PJSC, Dubai.

Para 9 speaks project development fees. Emaar properties, PJSC, Dubai, shall pay APIIC the project development fee of Rs.2.25 crores in four equal installments every quarter starting with signing of MOA.

Para 10 speaks Performance Security. Emaar properties, PJSC, Dubai, shall furnish a corporate guarantee of Rs.2 crores.

18(f). The APIIC Board authorized the VC &MD, APIIC, on 22.07.2002 to enter into MOU with Emaar properties, PJSC, Dubai Collaboration Agreement(CA), as approved by the Cabinet Sub- committee on 28.06.2003, was executed between APIIC and Emaar. Mr. B.P.Acharya, IAS, was on full additional charge as VC & MD of APIIC, when he was Secretary Industries and he worked in that capacity till May 2005.

18(j). The collaboration agreement of the integrated project supra on behalf of APIIC signed by Sri R.M.Gonela, IAS, Executive Director (P&F) APIIC and one A.J.Jaganathan, Chief Executive Officer of Emaar properties, PJSC.

18(k). The appendix-A of the Collaboration Agreement speaks equity levels of APIIC capitalized into SPV1 and SPV2 in the event of developer bringing in additional security, allotment of land will be guided by terms of the agreement and the developer should be able to sell more land up-front, it will be allotted additional land, provided the mile stones as above is achieved to the satisfaction of APIIC. Initial 50 acres of land sold by APIIC and the land of approximate 90 acres acquired by developer directly or not subject to the above mile stones and time lines in the attached chart are based on the developer obtaining all statutory/regulatory projects, which are subject to change.

Point No.7 speaks shifting of HT lines. APIIC shall be responsible for shifting IIT lines from both the Projects i.e., Manikonda and NAC grounds. APIIC has already requested Government of Andhra Pradesh to provide funds from IIDF for shifting of HT lines from project site at Manikonda. There is a requisite of shifting of IIT lines at NAC grounds also for which Government has to provide funds under IIDF or any other source to APIIC.

It is submitted for kind perusal and for necessary orders by the Executive Director-I of APIIC and Senior Personal Manager and MD of APIIC.