The management of Dubai based Emaar Properties has approached the State government and discussed the resolution of disputes over the company’s pending projects in various cases.

Chief Minister A Revanth Reddy and Industries Minister Sridhar Babu held a meeting with Emaar representatives at the Secretariat here on Thursday.

Emaar Founder and Managing Director Mohammed Alabbar, former UAE Ambassador to India Dr. Ahmed Al Banna, Emaar Group CEO Amit Jain, and the company's International Affairs Head Mustafa Akram participated in the meeting.

The Emaar Properties entered into agreements in 2001 with the then State government to invest in projects such as construction of a Convention Center, Hotel, Golf Course, Villas and other projects in Hyderabad in the erstwhile united Andhra Pradesh. During that period, CBI and ED registered cases in the alleged irregularities in the agreements entered by the Company with the APIIC. Investigation in the cases and hearing in the courts are still going on. 

After the formation of Telangana State, the previous BRS government constituted a five member Secretary level Committee headed by Chief Secretary to resolve the disputes related to the projects taken up by Emaar Properties in October 2015.  The Ministry of External Affairs and the Solicitor General of India also made several suggestions to the state government on this matter. During the meeting with Emaar representatives, the officials briefed all these issues to the Chief Minister.

Since the cases probed by the investigating agencies and charge sheets are related to legal issues, Revanth Reddy  instructed the officials to examine thoroughly the Emaar agreement documents, details of the court cases, instructions given by the Central Government . The Chief Minister also ordered the constitution of a committee comprising Legal Experts in addition to the committee formed by the previous government under the chairmanship of the Chief Secretary in 2015 to resolve the Emaar Properties matter.

Revanth Reddy also accepted the company’s proposal to set up a legal agency with the approval of the UAE government to study the legal disputes and find an amicable solution. The Chief Minister said that the committee formed by the government will consult with them and give further suggestions and advice.

Chief Secretary Santhi Kumari, Advocate General Sudarshan Reddy, Special Chief Secretary ( Industries) Jayesh Ranjan, Special Chief Secretary (Finance) Ramakrishna Rao, CMO Secretary Seshadri, Special Secretary to the Chief Minister Ajith Reddy, TGIIC MD Vishnuvardhan Reddy and Law Secretary Tirupati were also present in the meeting.