ED attaches properties in APSSDC Siemens project case of misuse of funds
The agency has attached immovable and movable properties amounting to Rs. 23.54 crores
New Delhi, October 17
Directorate of Enforcement (ED), Hyderabad has attached immovable and movable properties amounting to Rs. 23.54 crores in a case relating to misuse of funds in the Andhra Pradesh State Skill Development Corporation (APSSDC) Siemens Project.
ED initiated investigation on the basis of FIR registered by the AP CID in the case of APSSDC Siemens Project against M/s Designtech Systems Private Limited (DTSPL) and others for cheating the Andhra Pradesh Government by diverting and siphoning off funds invested by the Government of Andhra Pradesh in the Siemens project for other purposes.
According to ED, Vikas Vinayak Khanvelkar, Managing Director of M/s DTSPL, Soumyadri Sekhar Bose alias Suman Bose (Ex-Managing Director of M/s Siemens Industry Software India Pvt. Ltd.) and their close associates, Mukul Chandra Agarwal and Suresh Goyal diverted the Government funds with the help of shell/defunct entities through multi-layered transactions and siphoned off the funds on the strength of bogus invoices under the pretext of supply of materials/services. The services of entry providers were taken for the diversion of funds for which commission was paid to them. The Proceeds of Crime in the hands of the said accused persons and entry providers were identified and various movable properties in the form of bank balances and shares, and also immovable properties.
ED had attached fixed deposits amounting to Rs. 31.20 crore of M/s DTSPL which has been confirmed by the Ld. Adjudicating Authority (PMLA). ED had also arrested Vikas Vinayak Khanvelkar, Suman Bose, Mukul Chandra Agarwal and Suresh Goyal; and filed a Prosecution Compliant before the Hon’ble Special Court (PMLA), Visakhapatnam.
