National

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

Andhra Pradesh CM and TDP chief N Chandrababu Naidu has been given a clean chit on Tuesday from 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 govt. Naidu spent 53 days in jail before getting bail on Oct 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 alleged misappropriation of funds in govt’s skill and entrepreneurship development project in partnership with Siemens.

 

 

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