logo
Bandi pitches for CBI probe into snoopgate

Bandi pitches for CBI probe into snoopgate

Hans India4 days ago
Hyderabad: Union Minister Bandi Sanjay, who appeared before the Special Investigation Team (SIT) probing the phone-tapping scandal on Friday, later accused the erstwhile BRS government and the current Congress regime in Telangana of 'colluding' to shield the 'real culprits' in the scam and called for an investigation by the Central Bureau of Investigation (CBI) to get at the truth.
Speaking to the media, Sanjay claimed that he was shocked to know that 6,500 phones were kept under surveillance and that his phones were continuously tapped under the pretext of 'Maoist surveillance'.
'I was shocked to learn that not just my phone, but those of my staff, family members, and those of even KCR's daughter and son-in-law were tapped,' he said. 'I was the first to expose this issue.'
The Minister stated that he had submitted all relevant evidence to the SIT and was stunned by the revelations made during the inquiry. 'Whatever political programs I had planned, the police came to know in advance. They used to call our staff and confirm our plans. It was all because of phone-tapping,' he said.
Sanjay accused the previous BRS government of misusing the Special Intelligence Bureau (SIB), meant to monitor Maoist and terrorist activities, to tap phones of political leaders, businessmen, film personalities, and even professors. He alleged that even BRS ministers, MLAs, and MLCs were not spared, with SIT officials confirming that KCR's daughter Kavitha's phone was also tapped.
The Union Minister claimed that the phones of judges investigating the Group-1 paper leak case were tapped, and said the whole thing reeked of a 'new low' in political surveillance. 'When we discussed protest plans over the leak, police arrived at our homes in advance. That's how deep this surveillance went,' he said.
Sanjay also alleged massive financial irregularities linked to the phone-tapping operation. During the last elections, Rs 7 crore was seized from a Congress MP candidate in Khammam. However, only Rs 2 crore was shown in the records, and the rest was pocketed. This happened repeatedly,' he said.
Criticising Chief Minister Revanth Reddy, Sanjay questioned why no action had been taken against the culprits despite the SIT having substantial evidence. 'Why hasn't a letter been written to the Enforcement Directorate? Why hasn't KCR or his son been summoned?' he asked. He accused Revanth Reddy of shielding KCR and claimed that both Congress and BRS were 'colluding' to delay justice.
Bandi Sanjay demanded that the case be handed over to the CBI, for the SIT lacked the authority to summon judges or top political figures. 'If the Congress government has any integrity, it should immediately request a CBI probe. BJP leaders have already approached the High Court seeking this,' he said.
Sanjay also questioned the continued presence of retired officer Prabhakar Rao in the SIB, alleging that he was falsely shown as IG to retain access to sensitive data. He accused the KCR regime of violating telecom regulations and ignoring Home Ministry guidelines on data deletion.
The Union Minister reiterated that SIT had evidence of thousands of phones being tapped, including those of BJP workers.
'Only KCR, his son, and MP Santosh were spared. Even Harish Rao stopped using a phone for a year after discovering this,' he said.
Concluding his statement, Sanjay expressed his willingness to cooperate with the investigation, and urged Revanth Reddy to appear before the SIT. 'If Revanth is sincere, he must write to the Centre for a CBI probe. Otherwise, this is just political theatre,' he said.
Sanjay, accompanied by party members, went to the designated location to appear before the SIT in a padayatra after visiting a temple.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sebi bans DHFL's Kapil Wadhawan, Dheeraj Wadhawan from securities market
Sebi bans DHFL's Kapil Wadhawan, Dheeraj Wadhawan from securities market

Business Standard

time19 minutes ago

  • Business Standard

Sebi bans DHFL's Kapil Wadhawan, Dheeraj Wadhawan from securities market

Markets regulator Sebi on Tuesday barred Dewan Housing Finance Ltd's former CMD Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the securities markets for up to five years for committing financial irregularities, diverting funds, and fabricating books. The others who have been prohibited by Sebi are -- Rakesh Wadhawan, who was non-executive chairman, Sarang Wadhawan, a former non-executive director, Harshil Mehta, joint managing director & CEO, and Santosh Sharma, a former CFO. Sebi also fined the six individuals Rs 120 crore. Kapil Wadhawan and Dheeraj Wadhawan have each been restrained from the securities markets for five years, while Rakesh Wadhawan and Sarang Wadhawan face a four-year ban, and Harshil Mehta and Santosh Sharma have been prohibited for three years, according to the Sebi order. During these periods, they cannot access the securities market, deal in securities in any manner, or hold any role such as director or key managerial personnel in listed companies, registered intermediaries, or public companies intending to raise funds from the market. Kapil Wadhawan and Dheeraj Wadhawan have each been fined Rs 27 crore, while Rakesh Wadhawan and Sarang Wadhawan face penalties of Rs 20.75 crore each. Harshil Mehta has been fined Rs 11.75 crore, and Santosh Sharma faces a total penalty of Rs 12.75 crore. In its 181-page order, Sebi noted that since 2006, DHFL, along with its promoters, directors, and key managerial personnel, have engaged and participated in an "egregiously fraudulent scheme" to divert funds to "Bandra Book Entities" (BBEs) linked to the promoters. By March 31, 2019, DHFL's loans to BBEs stood at Rs 14,040.50 crore. The BBEs were directly or indirectly connected to Kapil, Dheeraj Rakesh and Sarang, it added. As per the order, promoters issued huge unsecured loans to these entities despite their lack of assets or business, bypassing all due diligence, and falsely recording them as retail housing loans. The regulator found that the fraud operated in several steps. First, large unsecured loans were extended to these BBEs even though they had no net worth, assets, or cash flows to justify such exposure. Second, all standard loan appraisal processes were deliberately bypassed. Third, these weak intercorporate loans to related parties were misrepresented as retail housing loans, creating a false impression of the company's financial health for investors and other stakeholders. "To effect this elaborate deception, a fake virtual branch ('Bandra branch') and previously closed retail loan accounts were employed, alongside three different accounting software, camouflaging the BBE loans as retail housing loans. In the initial years, well over 30 per cent of all loans of DHFL were to these BBEs," Sebi noted. Despite the BBEs not making interest or principal payments, DHFL booked fictitious interest income, which allowed it to show increasing profits instead of losses between FY 2007-08 and FY 2015-16. These misleading financials misled shareholders and distorted DHFL's share price. According to Sebi, the main orchestrators of the fraudulent scheme were Kapil Wadhawan and his brother Dheeraj Wadhawan. Rakesh and Sarang Wadhawan were also involved through their roles on DHFL's board. The investigation found that loans worth Rs 5,662.44 crore were disbursed to 39 BBEs, of which 40 per cent was subsequently routed to 48 other entities connected to the promoters. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Court takes cognisance against ABG Shipyard in ₹22,000 cr bank fraud case
Court takes cognisance against ABG Shipyard in ₹22,000 cr bank fraud case

Business Standard

time19 minutes ago

  • Business Standard

Court takes cognisance against ABG Shipyard in ₹22,000 cr bank fraud case

A Rouse Avenue court has taken cognizance of a ₹22,000 crore alleged bank fraud and funds siphoning case against Surat, Gujarat-based ABG Shipyard Ltd, its former Director, Auditor, public servants, and subsidiary companies. It is alleged that ABG Shipyard Ltd transferred huge amounts of money to its related parties, and thereafter, adjustment entries were made. The Central Bureau of Investigation (CBI) had filed a charge sheet, supplementary charge against 6 individuals and 17 companies and firms. The Chief Judicial Magistrate (CJM) Deepak Kumar, after taking cognizance, issued summons to the accused persons to appear before the court on the next date on August 22. CJM Deepak Kumar said, "I have perused the chargesheet and supplementary charge sheet alongwith the documents annexed with it, including the statements of the witnesses recorded under Section 161 CrPC and have considered the submissions made by the public prosecutor for the CBI and the Investigation Officer." The court said that there are clear and categorical findings in the final report and supplementary final report against the accused persons regarding the commission of offences for which they have been chargesheeted for the offences punishable under Section 120B/420/477A IPC and substantive offences thereof. "Accordingly, in view of the foregoing discussion and material available on record, I take cognizance," CJM Kumar ordered on August 11. The CBI had registered a case on August 25, 2020, on the complaint filed by the consortium of banks, including SBI. The case was registered against M/s ABG Shipyard Ltd, its former managing director Rishi Kamlesh Agarwal, Santhanam Muthuswamy), Ashwini Kumar, Sushil Kumar Aggarwal, Ravi Vimal Newatia, M/s ABG International Pvt Ltd, unknown public servants and unknown private persons alleging the commission of offences of cheating, criminal breach of trust, criminal conspiracy and abuse of official position thereby causing wrongful loss to the tune of Rs. 22,842 crore to the consortium of lending banks comprising of State Bank of India (SBI), erstwhile State Bank of Patiala (presently SBI), erstwhile State Bank of Travancore (presently SBI) etc, led by ICICI Bank. During the investigation, other accused were interrogated and arrayed in the supplementary charge sheet. It is stated that the Investigation has also revealed that the accounts were falsified and misrepresented by the accused persons in criminal conspiracy with each other and thereby defrauded the lender banks by presenting false figures before the lenders and shareholders. Investigation has pointed out that ABG Shipyard, in criminal conspiracy with its promoters, directors, and other key managerial persons, had availed credit facilities from the banks fraudulently. Thereafter, it dishonestly diverted a huge amount of bank funds with ulterior motives to its group concerns. Investigation has further alleged that ABG Shipyard had siphoned off funds for acquiring 14 residential flats in Mumbai for a consideration amount of Rs. 33.50 crores. These flats were purchased by an accused company which was under the control of Rishi Kamlesh Agarwal, Former MD of ABG Shipyard.

Naidu, Lokesh thank Modi
Naidu, Lokesh thank Modi

Hans India

time19 minutes ago

  • Hans India

Naidu, Lokesh thank Modi

Amaravati: Chief Minister N Chandrababu Naidu expressed his satisfaction with the Union Cabinet's decision to allocate a semiconductor unit to Andhra Pradesh. He extended his gratitude to Prime Minister Narendra Modi and the Central government for the decision. The Chief Minister conveyed his appreciation during a phone call with Union Minister Ashwini Vaishnaw. The semiconductor unit will be set up by Advanced System in Package (ASIP) Technologies in AP in collaboration with APACT Co Ltd, South Korea. The company will produce semiconductors for a wide range of products, including mobile phones, set-top boxes, automotive ECUs, and home electronic appliances. Meanwhile, Minister of HR and IT Nara Lokesh also thanked PM Modi for sanctioning a semiconductor manufacturing unit. 'Semiconductor manufacturing comes to AP, driven by a double engine sarkar! I am grateful to the Prime Minister for sanctioning a semiconductor manufacturing facility to AP as part of a Rs 4,600 crore budgetary allocation,' said Lokesh in a post on X.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store