On Saturday, the Central Bureau of Investigation (CBI), conducted searches at the residence and offices of former Union Minister and Telugu Desam Party Member of Parliament (Rajya Sabha) Sujana Chowdary in Hyderabad and Bangalore. The searches were conducted in connection with an ongoing investigation into the Sujana group defaulting Andhra Bank to the tune of Rs 71 Cr in 2017. This is a part of the case where Best & Crompton Engineering Private Limited defrauded a consortium of banks of Rs 364 Cr during 2010-2013.
Searches were carried out at 12 places pertaining to 3 FIRs registered for Best and Crompton Engineering Project Limited (BCEPL)for allegedly duping Andhra Bank to the tune of Rs 71 cr.
Sujana Chowdary’ BCEPL is facing the allegations of cheating the Andhra Bank for Rs 71 Cr in 2017. In the month of April this year, Sujana Chowdary informed the CBI that he did not own the company and had no knowledge of its financial transactions with Andhra Bank.
As per details, Sujana Chowdary had availed a loan of Rs 71 cr from Andhra Bank, Rs 133 cr from the Central Bank of India, and Rs 159 cr from Corporation Bank.
Last year, in the month of November, the office and residences of Sujana Chowdary were raided by the ED and IT department officials.