An Indian minister defended the Delhi Development Authority's (DDA) so-called "bailout" to developer Emaar MGF in connection with construction of the Commonwealth Games Village.
Urban Development Minister Jaipal Reddy said the DDA bought 333 apartments from Emaar MGF for Rs7.6 billion (Dh626.54 million) so that the developer would have enough cash to complete the Village. He said he was not consulted on the deal but supported it.
While investigating agencies are zeroing in on all aspects of the Village's construction, including possible financial anomalies and construction defects that caused a huge embarrassment to the country before the Games got under way, Reddy's statement has caused ripples in political circles and is being termed as a "shrinking of the probe".
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