paampachak Posted May 6, 2014 Report Posted May 6, 2014 agan Mohan Reddy's assets worth Rs. 863 crore taken over by Enforcement Directorate in money laundering case South | Press Trust of India | Updated: March 05, 2014 19:57 IST File photo of YSR Congress leader Jagan Mohan Reddy. New Delhi: Initiating one of its biggest criminal actions in a money laundering case, the Enforcement Directorate (ED) today attached assets worth Rs. 863 crore of YSR Congress leader Jagan Mohan Reddy and his associates in connection with its probe into alleged corruption in an infrastructure project in Andhra Pradesh. The agency slapped separate notices against Mr Jagan and Nimmagada Prasad whose companies were allegedly favoured by the then Andhra Pradesh government (when Mr Jagan's father Y S Rajasekhara Reddy was Chief Minister) in the Vadarevu and Nizampatnam Industrial Corridor (VANPIC) project whose aim was to develop sea ports and a green field airport in coastal areas of the southern state and industrial corridors in Prakasam and Guntur districts. The ED had in 2012 registered a criminal probe under the Prevention of Money Laundering Act (PMLA) against the individuals and associated firms based on a CBI FIR in this case. The ED probe said there was 'quid pro quo' in this deal and hence illegal money exchanged hands. "Various concessions were extended to the VANPIC project in the form of alienation of huge chunks of assigned government land to the companies floated by Nimmagada Prasad, development of shipyard, greenfield airport, exemptions from levy of stamp duty and registration charges, seigniorage (deed-signing) fee and other undue benefits were extended," the ED probe report said. The CBI chargesheet, which the ED relied upon, said "illegal gains to the tune of Rs. 1426.17 crore was made to Mr Prasad in the acquisition of lands and Rs. 854.54 crore was made to Mr Jagan and his companies as quid pro quo by Mr Prasad and his companies." "This is one of the biggest attachments done by the ED in a money laundering case. The assets will now be seized," sources privy to the development told PTI.
paampachak Posted May 6, 2014 Report Posted May 6, 2014 Votes for Jagan Mohan Reddy will strengthen mafia: VHR Hyderabad, May 6 (INN): Rajya Sabha member and senior Congress leader V Hanumantha Rao on Sunday said that voting for YSR Congress party would be like voting for factionists and mafia. Therefore, he appealed to the voters of 18 assembly and one Parliament constituencies to vote consciously in the by-elections to be held on June 12. Addressing a press conference at his residence, Hanumantha Rao alleged that YSR Congress president Jagan Mohan Reddy had links with the factionists and mafia elements. He said probe by the Crime Investigation Department has revealed that Bhanu Kiran, the prime accused in the murder case of factionist Suri, had link with Jagan Mohan Reddy. He said Suri and Bhanu Kiran, who were involved in several cases of land settlements, encroachment and murders, were found having nexus with Jagan Mohan Reddy. He said Bhanu has reportedly made several shocking revelations about his links with Jagan to the CBI. Hanumantha Rao said that so far he thought Jagan was confined to corruption, financial misappropriations and embezzlement. However, the latest revelations have led him to believe that Jagan was also having nexus with murderers. In the given circumstances, he said, people should vote consciously and should not elect candidates having criminal connections. The Congress MP also criticised the senior leaders of his party for not countering the allegations being levelled by Jagan and his partymen against the ruling party and High Command. He said the leaders should effectively counter such allegations. He said Chief Minister N Kiran Kumar Reddy too has been maintaining silence about Jagan on the hopes that he would return to the Congress party. However, he said Jagan would never come back to the Congress party. Hanumantha Rao also condemned BJP leader M Venkaiah Naidu's silence over Jagan's alleged corrupt practices. He said the BJP looks quite inclined towards Jagan Mohan Reddy and for the same reason its leaders were not targeting him on corruption. The Rajya Sabha MP said that the Congress party could win the by-elections based on the development and welfare schemes being implemented for different sections of the society.
paampachak Posted May 6, 2014 Report Posted May 6, 2014 http://www.dailymotion.com/video/xgmaza_gulte-com-ys-jagan-s-real-estate-mafia_shortfilms
paampachak Posted May 6, 2014 Report Posted May 6, 2014 Six Defendants Indicted in Alleged Conspiracy to Bribe Government Officials in India to Mine Titanium Minerals U.S. Department of Justice April 02, 2014 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888 WASHINGTON—A federal indictment returned under seal in June 2013 and unsealed today charges six foreign nationals, including a Ukrainian businessman and a government official in India, with participating in an alleged international racketeering conspiracy involving bribes of state and central government officials in India to allow the mining of titanium minerals. Five of the six defendants are also charged with conspiracy to violate the Foreign Corrupt Practices Act (FCPA), among other offenses. Acting Assistant Attorney General David A. O’Neil of the Department of Justice’s Criminal Division, U.S. Attorney Zachary T. Fardon for the Northern District of Illinois, and Special Agent in Charge Robert J. Holley of the FBI’s Chicago Field Office made the announcement. “Fighting global corruption is part of the fabric of the Department of Justice,” said Acting Assistant Attorney General O’Neil. “The charges against six foreign nationals announced today send the unmistakable message that we will root out and attack foreign bribery and bring to justice those who improperly influence foreign officials, wherever we find them.” “Criminal conspiracies that extend beyond our borders are not beyond our reach,” said U.S. Attorney Fardon. “We will use all of the tools and resources available to us to ensure the integrity of global business transactions that involve U.S. commerce.” “This case is another example of the FBI’s willingness to aggressively investigate corrupt conduct around the globe,” said Special Agent in Charge Holley. “With the assistance of our law enforcement partners, both foreign and domestic, we will continue to pursue those who allegedly bribe foreign officials in return for lucrative business contracts.” Beginning in 2006, the defendants allegedly conspired to pay at least $18.5 million in bribes to secure licenses to mine minerals in the eastern coastal Indian state of Andhra Pradesh. The mining project was expected to generate more than $500 million annually from the sale of titanium products, including sales to unnamed Company A, headquartered in Chicago. One defendant, Dmitry Firtash, aka “Dmytro Firtash” and “DF,” 48, a Ukrainian national, was arrested March 12, 2014, in Vienna, Austria. Firtash was released from custody on March 21, 2014, after posting 125 million euros (approximately $174 million) bail, and he pledged to remain in Austria until the end of extradition proceedings. Five other defendants remain at large: Andras Knopp, 75, a Hungarian businessman; Suren Gevorgyan, 40, of Ukraine; Gajendra Lal, 50, an Indian national and permanent resident of the United States who formerly resided in Winston-Salem, North Carolina; Periyasamy Sunderalingam, aka “Sunder,” 60, of Sri Lanka; and K.V.P. Ramachandra Rao, aka “KVP” and “Dr. KVP,” 65, a member of Parliament in India who was an official of the state government of Andhra Pradesh and a close advisor to the now-deceased chief minister of the state of Andhra Pradesh, Y.S. Rajasekhara Reddy. The five-count indictment was returned under seal by a federal grand jury in Chicago on June 20, 2013. All six defendants were charged with one count each of racketeering conspiracy and money laundering conspiracy and two counts of interstate travel in aid of racketeering. Five defendants, excluding Rao, were charged with one count of conspiracy to violate the FCPA. As alleged in court documents, Firtash controls Group DF, an international conglomerate of companies that was directly and indirectly owned by Group DF Limited, a British Virgin Islands company. Group DF companies include: Ostchem Holding AG, an Austrian company in the business of mining and processing minerals, including titanium; Global Energy Mining and Minerals Limited, a Hungarian company; and Bothli Trade AG, a Swiss company, for which Global Energy Mining and Minerals was the majority shareholder. In April 2006, Bothli Trade and the state government of Andhra Pradesh agreed to set up a joint venture to mine various minerals, including ilmenite, a mineral that may be processed into various titanium-based products such as titanium sponge, a porous form of the mineral that occurs in the processing of titanium ore. In February 2007, Company A entered into an agreement with Ostchem Holding, through Bothli Trade, to work toward a further agreement that would allow Bothli Trade the ability to supply five million to 12 million pounds of titanium sponge from the Indian project to Company A on an annual basis. The mining project required licenses and approval of both the Andhra Pradesh state government and the central government of India before the licenses could be issued. As alleged in the indictment, the defendants used U.S. financial institutions to engage in the international transmission of millions of dollars for the purpose of bribing Indian public officials to obtain approval of the necessary licenses for the project. They allegedly financed the project and transferred and concealed bribe payments through Group DF and used threats and intimidation to advance the interests of the enterprise’s illegal activities. According to the indictment, Firtash was the leader of the enterprise and caused the participation of certain Group DF companies in the project. Firtash allegedly met with Indian government officials, including Chief Minister Reddy, to discuss the project and its progress and authorized payment of at least $18.5 million in bribes to both state and central government officials in India to secure the approval of licenses for the project. Firtash also allegedly directed his subordinates to create documents to make it falsely appear that money transferred for the purpose of paying these bribes was transferred for legitimate commercial purposes, and he appointed various subordinates to oversee efforts to obtain the licenses through bribery. As alleged in the indictment, Knopp supervised the enterprise and, together with Firtash, met with Indian government officials. Knopp also met with Company A representatives to discuss supplying titanium products from the project. Gevorgyan allegedly traveled to Seattle and met with Company A representatives. Gevorgyan also engaged in other activities, including allegedly signing false documents, monitoring bribe payments, and coordinating transfers of money to be used for bribes. Lal, also known as “Gaj,” allegedly engaged in similar activities, reported to Firtash and Knopp on the status of obtaining licenses, and recommended whether, and in what manner, to pay certain bribes to government officials. The indictment further alleges that Sunderalingam met with Rao to determine the total amount of bribes and advised others on the results of the meeting, and he identified various foreign bank accounts held in the names of nominees outside India that could be used to funnel bribes to Rao. Rao allegedly solicited bribes for himself and others in return for approving licenses for the project, and he warned other defendants concerning the threat of a possible law enforcement investigation of the project. The indictment lists 57 transfers of funds between various entities, some controlled by Group DF, in various amounts totaling more than $10.59 million beginning April 28, 2006 through July 13, 2010. The indictment seeks forfeiture from Firtash of his interests in Group DF Limited and its assets, including 14 companies registered in Austria and 18 companies registered in the British Virgin Islands, as well as 127 other companies registered in Cyprus, Germany, Hungary, the Netherlands, Seychelles, Switzerland, the United Kingdom, and one unknown jurisdiction and all funds in 41 bank accounts in several of those same countries. Furthermore, the indictment seeks forfeiture from all six defendants of more than $10.59 million. This case is being investigated by the FBI’s Chicago Field Office. The case is being prosecuted by Assistant U.S. Attorneys Amarjeet Bhachu and Michael Donovan of the Northern District of Illinois and Trial Attorney Ryan Rohlfsen of the Criminal Division’s Fraud Section. The Justice Department has worked closely with and has received significant assistance from its law enforcement counterparts in Austria, as well as the Hungarian National Police, and greatly appreciates their assistance in this matter. Significant assistance was also provided by the Criminal Division’s Office of International Affairs. An indictment contains only charges and is not evidence of guilt. The defendants are presumed innocent and are entitled to a fair trial at which the government has the burden of proof beyond a reasonable doubt.
paampachak Posted May 6, 2014 Report Posted May 6, 2014 More ration cards than households in Andhra With the introduction of Rs 2 a kg rice scheme in the early 80s by Telugu Desam Party founder and matinee idol N T Rama Rao, the public distribution system in Andhra Pradesh has evolved into a 49,000-strong dealer network. The Congress government under Y S Rajasekhara Reddy had reintroduced the Rs 2 a kg rice scheme. The present government under CM N Kiran Kumar Reddy has been offering this at Rs 1 a kg since November 2011. The state civil supplies department, which overseas the PDS, currently handles the distribution of four million tonnes of rice a year to both, below poverty line and above poverty line families. In addition, the government recently launched a supplementary scheme called 'Amma Hastam' which gives a package of nine essential items.
Josh Posted May 6, 2014 Report Posted May 6, 2014 Sri.Nara Lokesh, the only son of Sri.Naidu studied in Hyderabad upto his intermediate education. He was a mediocre student and never had any scholarships to his credit, finally clearing his Science stream at the intermediate stage with just over 50%. However, Sri.Lokesh obtained his Bachelors Degree (1997-2000) from the prestigious Carnegie Mellon University and his Masters (2000-2002) from Stanford University in the USA. As Sri.Lokesh did not have the necessary grades, it was necessary for large endowments to be made to the Universities to consider him for admission. The amounts that were donated from unknown Indian sources were Rs.1o crore to Carnegie Mellon and Rs.12 crore to Stanford. There is reason to believe that these payments came from the accounts of Satyam’s Sri.Ramalinga Raju in return for the various benefits offered to him. Another unanswered question was the funding of huge educational and living expenses amounting to USD 240000 of Sri.Lokesh which were not reflected in the Income Tax records of any of his family including Sri.Naidu. Sri Nara Lokesh has no source of income even as a minor and subsequent to attaining majority in 2001 as evidenced by his IT returns. However, he acquired Lands at Nindali village in Nellore Dist of AP and near Bangalore and Mumbai worth of hundreds of crores, apart from the prime property ‘gifted’ to him by his grandmother. Sri Lokesh has been consistently increasing his stake in Heritage Foods India Limited from nil to 9%. He has substantial stake in holding and investment companies viz., Nirvana Holdings Private Limited, Nirvana power limited, Nirvana logistics and warehousing limited, Nirvana energy limited, Nirvana estates private limited, Niravana Packing private limited, Niravana media private limited, Megabid Finance and investments private Ltd, Heritage foods retail limited, Heritage onpro limited, heritage agro marine private limited, Heritage Fin Lease Limited, Bizpro Technologies Limited, Red Hill logistics and warehousing private limited and Heritage international limited, all of which are from unknown sources. http://www.ysrcong.com/chandra-babu-naidu-scams-associated-with-nara-lokesh/
.thumb.jpg.ce42bb16ec102475a78c2087ce269c7d.jpg)
.thumb.gif.343fe49c7e1c507ae0056326bd8cf77e.gif)
Recommended Posts