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CBI files Chargesheet against Araku MP
By: Tupaki Desk | 1 July 2015 6:56 AM GMT
A chargesheet was filed against Araku MP Kothapalli Geetha in the special CBI court for alleged financial fraud in connection with Rs 42.79 crore scam.
Kothapalli Geetha obtained loan of Rs 25 crore from Punjab National Bank (PNB) for Hyderabad-based Visweswara Infrastructure Pvt Ltd with fake documents. However, The funds have been diverted for other operations rather than spending them on the purpose for which they were granted.
CBI even included the names of Punjab National Bank Managing Director P Ramakoteswara Rao, General Manager KK Aravindakshan, Asst Manager BK Jayaprakasam and Bank Manager in the charge sheet for favouring the MP while granting the loan. A Case has been booked against all the accused under Sections related to Criminal Conspiracy, Cheating and Forgery.
The Investigation Agency need to obtain permission from Lok Sabha speaker to arrest a Member of Parliament. So, Kothapalli Geetha willn't be going behind the bars anytime soon.
Kothapalli Geetha obtained loan of Rs 25 crore from Punjab National Bank (PNB) for Hyderabad-based Visweswara Infrastructure Pvt Ltd with fake documents. However, The funds have been diverted for other operations rather than spending them on the purpose for which they were granted.
CBI even included the names of Punjab National Bank Managing Director P Ramakoteswara Rao, General Manager KK Aravindakshan, Asst Manager BK Jayaprakasam and Bank Manager in the charge sheet for favouring the MP while granting the loan. A Case has been booked against all the accused under Sections related to Criminal Conspiracy, Cheating and Forgery.
The Investigation Agency need to obtain permission from Lok Sabha speaker to arrest a Member of Parliament. So, Kothapalli Geetha willn't be going behind the bars anytime soon.
