hyderabad the vigilance and enforcement wing of the state government probing the apiicemaar land deal has pointed to a nexus between a company called stylish homes real estate pvt ltd and the emaar group stating that this needed to be further investigatedsaid to be floated by industrialist koneru prasad stylish homes real estate pvt ltd allegedly sold crores worth of villas and apartments and carried out its operations in a quiet manner it displayed an unusual amount of ambidexterity because on the one hand it sold away a majority of prime properties at hyderabads prestigious it cluster as a marketing agent for emaar and on the other it saw to it that the money it collected from such sales was shared in two parts one official and the other unofficialthe official part was only a minuscule less than 15 per cent of the actual cost collected in hyderabad while the collection of the unofficial part more than 85 per cent of the cost of the units was actually done in new delhithe ve wing which went into the issue was perplexed at the colossal loss caused to apiic the main partner with emaar properties dubai in developing the project under a common name emaar hills township project ltd ehtpl it in fact tried to elicit information from the joint venture company ehtpl on the role of koneru prasads stylish homesbut surprisingly ehtpl did not share with the vigilance sleuths the agreement it entered into with stylish homes the vigilance wing in its report submitted to the ap high court spoke of koneru prasads links with dubaibased emaar group the link between ehtpl and koneru prasads company appears to be critical in the entire scheme of things and needs a deep and thorough investigation in the matter the vigilance report saidinterestingly emaar mgf has also played some role in the now controversial commonwealth games village project new delhi which is currently being probed by cbi it had transferred the money to boulder hills in hyderabad another project taken up under the apiicemaar agreement and with this money the stylish homes company bought a villa plot in the name of one prasanth koneru this was revealed by none other than the director of stylish homes to the sleuths of vigilance wing he told the sleuths that their company had in fact bought three such plots in the it clusterthe sleuths are now suspecting that all these were benami transactions and since the scam has got its roots in dubai cyprus mauritius etc the agency has unequivocally recommended to the hc that the whole issue be handed over to a suitable agency which could go beyond the borders of the country to arrive at an exact picture of benami dealings