National

ED Gives Clean Chit To CM Chandrababu Naidu In Rs 371-Crore Scam

Andhra Pradesh CM and TDP chief N Chandrababu Naidu was given a clean chit on Tuesday from the ED in the alleged Rs 371-crore skill development corporation scam that led to his arrest last year.

Based on a CID investigation instituted by the then YSRCP government, Naidu spent 53 days in jail before getting bail on October 31 last year.

According to reports, ED’s Hyderabad unit invoked the Prevention of Money Laundering Act to provisionally attach assets worth Rs 23.5 crore belonging to Designtech Systems Private Ltd and others named in the chargesheet but said there was nothing to link CM Naidu to the alleged misappropriation of funds in the government’s skill and entrepreneurship development project in partnership with Siemens.

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