CM Ramesh IT Raids Cost 100 Crores

[timmy]

 

[timmy]

 

 

[jefferson1]

cost 100 cr or found 100 cr?

[timmy]

@psycopk @DaleSteyn1 

[timmy]

676

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Written by Deeptiman Tiwary | New Delhi | Updated: October 18, 2018 7:06:57 am

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While TDP sources had then said the searches were a result of the notice given by Ramesh to the I-T Department as a member of the Parliamentary Accounts Committee, state minister.

An income-TAX probe has found dubious transactions to the tune of about Rs 100 crore in a company associated with TDP Rajya Sabha member C M Ramesh. The company, Rithwik Projects Pvt Ltd (RPPL), has been found to have allegedly siphoned off Rs 74 crore through untraceable transactions, while bills of Rs 25 crore have been allegedly found to be “dubious”.

The I-T department had on October 12 conducted searches at the premises of the company in Hyderabad and Ramesh’s residence in Kadapa, Andhra Pradesh. The TDP had then protested against the searches, claiming it to be political vendetta.

While TDP sources had then said the searches were a result of the notice given by Ramesh to the I-T Department as a member of the Parliamentary Accounts Committee, state minister.

Chief Minister Chandrababu Naidu’s son Nara Lokesh had then said, “The Centre has begun intimidation politics with I-T raids on party leaders Master Rao, Sujana and now C M Ramesh. TDP leaders are being unduly targeted for raising voice against the Centre for breaking every promise made during bifurcation. We will not be cowed down by this.”

Following scrutiny of the documents seized during the searches, the I-T department has now found that a series of dubious transactions were made by RPPL, in which C M Ramesh is a director, through various sub-contractors to allegedly siphon off money.

The I-T probe has allegedly found that a sub-contractor, M/S EDCO (India) Pvt Ltd, was paid Rs 12 crore over the past six years by RPPL. However, the company could not be found at the four addresses mentioned in the records, a report prepared by the I-T department said.

The probe also found that correspondences of EDCO were received by one Saibab, who is an accountant with RPPL. He was also found in possession of the stamp and seal of EDCO. “It shows that it is being used to siphon off funds,” the report said.

The probe also found that of the total bills of Rs 33 crore, “bills of Rs 25 crore purchased for a commission and cash amounting to Rs 23 crore were received back”. The report said that neither the accountant nor the director could explain this discrepancy.

I-T officials found documents that showed the company received Rs 12.24 crore from steel suppliers but the cash transaction could not be explained. “Another mail attachment showing Rs 7.98 crore cash received from steel suppliers for 2 per cent commission was also found,” the report said.

A payment of Rs 6 crore to a Delhi sub-contractor, M/S NKG Constructions, could not be substantiated as no bills were found, the report said.

The probe also found that some of the money, such as a loan of Rs 2.97 crore, was utilised for personal purposes by those involved with the company. Bills of Rs 25 crore for steel purchases by M/S AAK Steels and M/S BSK have been found to be dubious and are being verified by the I-T Department.

I-T officials found payment worth Rs 8.4 crore in the records to be unexplainable and recovered Rs 13 lakh from Ramesh’s residence. They also seized US $ 3000 from the TDP leader.

When contacted, Ramesh told The Indian Express, “Ask the I-T guys. Don’t ask me.”

https://indianexpress.com/article/india/i-t-probe-firm-linked-to-tdp-mp-cm-ramesh-siphoned-off-rs-100-crore-5406649/

[snoww]

6 minutes ago, timmy said:

@psycopk @DaleSteyn1 

bodi kutra. CM Ramesh sincere gaa special status kosam life ni kooda lekka cheyyakunda fight chesadu ani bodi ki kopam. 

[futureofandhra]

16 minutes ago, timmy said:

 

This is what I have said many times

Evadiki siksha padadu

Public money waste chestaru 

Ento idhi

Thatha laga okkadu vastey Kani desam bagupadhu 

Bodi gadu bharathadesam first annadu

But ippudu last priority vadiki 

[cosmopolitan]

entha thintaru ra babu.. mallli emaina ante avineethi ledhu antaru.. 

[Kool_SRG]

Monna edo just 3 lakshale dorikaayi edo annaru.. 

[kramerolgy]

National Media lo Rs 100 cr is under investigation ....

Telugu Newspapers and TV emo Rs 19 lakhs  annaru ... ante ...

[snoww]

22 minutes ago, cosmopolitan said:

entha thintaru ra babu.. mallli emaina ante avineethi ledhu antaru.. 

nippu CBN man, no corruption ani @psycopk told

[futureofandhra]

4 minutes ago, kramerolgy said:

National Media lo Rs 100 cr is under investigation ....

Telugu Newspapers and TV emo Rs 19 lakhs  annaru ... ante ...

Media totally gone case

Ivr garu na ok morning ycp evening bjp

[samaja_varagamana]

usa lo job chesey kanna kastapadi chadukune kanna illegal way lone ekva sampadinchachu and power kuda alagey osthadi ani prove chestharu politicians lucky fellows analo em analo telidu velani.

[thillana_thillana]

52 minutes ago, samaja_varagamana said:

usa lo job chesey kanna kastapadi chadukune kanna illegal way lone ekva sampadinchachu and power kuda alagey osthadi ani prove chestharu politicians lucky fellows analo em analo telidu velani.

No your honor. You put leg in Lokesh. Maa Lokesham saar Merit tho seat sampadinchi Warald bank lo pani chesi paikocchadu antunna SLAVEMAN aka @solman

[kramerolgy]

idi kuda AP Media Not Covering (much)  ... for get about IVR  who is Educated and well to DO .....

Operation Narasuruda