Telangana High Court directs YS Sujana Chowdary to appear before CBI on May 27-28
Y Sujana Chowdary, Former Union minister of state for science and technology and Telugu Desam Party’s Rajya Sabha member has been directed by the Telangana high court to appear before CBI officials at Bengaluru on May 27 and 28. Striking off the efforts made by Sujana’s counsel that he has got nothing to do with the Best and Crompton company’s alleged loan fraud and questioned the notices issued to Sujana in this connection, Justice T Amarnath Goud ordered the MP to be present before the CBI officials on these two from 10 am to 5 pm.
Sujana Chowdary has made enough efforts to see that he does not get arrested in connection with Rs 71 crore loan default case of Andhra Bank involving Best & Crompton Engineering Projects, one of the group companies of Sujana Industries. In the meantime, he moved the Telangana High court questioning the issuance of summons by the Central Bureau of Investigation for questioning with regard to the bank fraud case. Sujana also stated that he was not even an executive or non-executive director on the boards of these companies.
The total loss caused to the consortium of banks due to the alleged fraud was to the tune of Rs 364 crore. In the business premises of Sujana Group at Nagarjuna Hills, Punjagutta Hyderabad, 124 rubber stamps of different companies/entities were seized, including the rubber stamps of BCEPL, their Letter of Credit beneficiary companies, sundry debtors and trade associates, ED officials said.