Former Union minister of state for science and technology and Telugu Desam Party’s Rajya Sabha member Y S Chowdary alias Sujana Chowdary is making all out efforts to see that he does not get arrested in the money laundering and loan default cases.
Sujana was supposed to attend the CBI office in Bengaluru on Saturday, but he conveniently avoided the same and kept the authorities waiting.
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 argued before the court that he was no way connected with the day to day activities of his industrial group, as he was not even an executive or non-executive director on the boards of these companies.
So, he cannot be held responsible for the acts of omission and commission of his group companies.
Last week the CBI asked him to appear before the investigation at Bengaluru office in the connection with Rs 71 crore loan default case of Andhra Bank involving Best & Crompton Engineering Projects, one of the group companies of Sujaja Industries.
The Bengaluru unit of CBI has registered three FIRs based on complaints from three banks.
The company has allegedly obtained loans from Central Bank of India (Rs 133 crore), Andhra Bank (Rs 71 crore) and Corporation Bank (Rs 159 crore) through fraud accounts and by submitting false statements.
Sujana said that he was neither a shareholder nor a director in the company. He argued that the summons should not be considered as valid as the Bengaluru CBI jurisdiction doesn’t come into AP.
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