A special court for CBI cases here today dismissed the bail plea of suspended IAS officer B P Acharya, the prime accused in the case pertaining to alleged irregularities in APIIC-Emmar land deal.
Acharya, arrested on January 30 by the CBI, has been charged with "abusing his official position" to intentionally allow the sale of plots and villas (at reduced price) and causing "wrongful loss to Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and wrongful gain to other parties".
Acharya, currently under judicial remand, had moved the court seeking bail and his counsel contented that it would take at least six months for the court to begin trial in the case.
Acharya had also sought bail in view of his health condition.
However, the CBI had strongly opposed the bail plea.