Latest news with #MoneyLaunderingAct
The Hindu
4 days ago
- Politics
- The Hindu
Andhra Pradesh liquor scam: CID police file chargesheet in ACB Special Court
The Crime Investigation Department (CID) that is probing the multi-crore liquor scam filed the chargesheet in the Anti-Corruption Bureau (ACB) Special Court here on Saturday. Investigation officers had so far arrested 11 persons. They included Kessireddy Rajashekar Reddy, former IT Adviser to former Chief Minister Y.S. Jagan Mohan Reddy; K. Dhanunjaya Reddy, Secretary in the Chief Minister's Office; Krishna Mohan Reddy, Officer on Special Duty (OSD) to then Chief Minister; director of Bharati Cements Balaji Govindappa, former MLA Chevireddy Bhaskar Reddy, Rajashekar Reddy's personal assistant Dilip Kumar, Chanikya, and Sajjala Sridhar Reddy. In the chargesheet, the SIT mentioned about key issues, including seizure of cash from the bank accounts of the accused, evidences gathered, confessional statements, details of the witnesses, and remand reports of the accused. The police also mentioned about the involvement of 40 accused, including officers of the A.P. State Beverages Corporation Limited, Prohibition and Excise, YSR Congress Party leaders, and public representatives in the scam. The Enforcement Directorate (ED) had filed a case under the Money Laundering Act in the multi-crore scam and took up investigation. The police also searched the premises of the accused in Andhra Pradesh and Telangana. Meanwhile, the SIT summoned former Deputy Chief Minister and former Excise Minister K. Narayana Swamy on July 21 (Monday). SIT's Additional Superintendent of Police asked Mr. Narayana Swamy, to appear before the police at 10 a.m. on that day as part investigation of the liquor scam.
Hans India
27-05-2025
- Politics
- Hans India
State BJP ST Morcha asks DGP to take action against firms selling spurious seeds
Hyderabad: The State BJP ST Morcha lodged a complaint with DGP Jitender Reddy demanding justice for tribal farmers who have suffered losses due to spurious seeds. A team of BJP ST Morcha leaders led by ST Morcha state president Dr Kalyan Nayak met the DGP on Monday and told him about the prevailing situation in the Venkatapuram agency areas of Mulugu district. He said 'For the past few months, companies such as SIMJANTA, HITECH, BAYER, and SIBI have been supplying fake seeds. Tribal farmers who relied on quality seeds have faced devastating losses. Tragically, some farmers, burdened by debt, have committed suicide. The morcha leader said that this is not an agricultural failure, but, 'a conspiracy by the corrupt state government machinery hand in glove with the seeds companies against innocent tribal communities.' They demanded registering criminal cases against the responsible companies under the PD Act, and farmers should be compensated. Measures must be taken to prevent such scams in the future. Further, they demanded the State government immediately compensate the farmers who lost 3,000 acres of crops, support 800 tribal farmers, and provide ex-gratia payments to the families of the five deceased farmers. Besides, criminal cases should be registered against the companies that supplied fake seeds under the Money Laundering Act, and against the company owners under the PEDIAC Act. Similarly, they demanded an investigation into the responsible government officials, and appropriate action should be taken. Control measures and awareness programs should be implemented to prevent such incidents in the future. Dr Kalyan Nayak criticised the state government, stating, 'Minister Seethakka's focus on sand quarries and interest in beauty competition and silence over the suicides of tribal farmers. Even the Agriculture Minister has not responded to this crisis. While the Chief Minister conducts reviews, he has completely ignored the problems of the tribal farmers, he alleged. BJP ST Morcha State general secretary Ravi Nayak Nenawat, state secretary Kunja Santosh, Mahesh Rupawat, Banoth Anusha, and Ramesh Nayak were part of the delegation.
United News of India
06-05-2025
- Business
- United News of India
ED attaches property worth Rs 296 Cr of Concast Steel & Power in money laundering case
Kolkata, May 6 (UNI) The Enforcement Directorate (ED) has attached immovable property worth Rs 296.28 crore belonging to Concast Steel & Power Ltd and others under the Money Laundering Act (PMLA), official sources said on Tuesday. The immovable property, a total of 195 assets, has been confiscated, including that of residential and commercial establishments located in three contiguous states of West Bengal, Orissa and Jharkhand. " These properties are held in the name of Sanjay Kumar Sureka, the CMD of Concast Group and his 34 associated entities comprising shell companies, relatives, employees etc," the ED, Kolkata bureau said. The federal agency began investigation on the basis of an FIR registered by the CBI, BSFB, Kolkata, under various sections of the IPC, 1860, and the Prevention of Corruption Act, 1988. against Concast Steel and Power Limited (CSPL), along with its promoters/directors, who were engaged in alleged fraudulent activities like diversion/siphoning of funds, submission of inflated stock statements, manipulation of financials etc. The accused persons had availed multiple credit facilities including Term Loan, Cash credit, Letter of Credit (LC) from the consortium of banks and cheated the banks/financial Institutions to the tune of Rs 6210.72 crore (excluding interest). The ED's investigation revealed that Sanjay Kumar Surekha and associated individuals had created a maze of shell entities in the name of employees, relatives and associates with an intention to divert and launder the loan funds obtained from consortium of banks. The funds so diverted were utilized for personal expenses, buying various immovable properties including beneficially owned properties, the ED maintained. Earlier, during the investigation, assets worth Rs 210.07 crore in the form of immovable properties were identified and provisionally attached on January 31,.2025. Also, searches were conducted at several locations across many cities which has led to recovery of crucial incriminating materials. The main promoter Sanjay Sureka was arrested on December 18, 2024 and continues to be in judicial custody. UNI PC SJC
