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Andhra Pradesh latest news : Another scandal has come to light regarding the former MD of AP Fibernet Madhusudan Reddy, who acted in favor of former CM Jagan Anda in contracts and job appointments. During his tenure, there are no bills for Rs.151 crore belonging to AP Fibernet company.
No information is available as to why the amount was paid. With this, the officials are expected to look into this matter closely. Generally there is a fixed procedure for paying one rupee from the company. The relevant authorities should sign the payment document. It is known that the former MD of the company Madhusudan Reddy acted without any of this.
Madhusudan Reddy in the position of MD with Jagan Anda distributed the company’s income like his own jagir without accounting. Apart from making appointments beyond the needs of the organization, key posts and contracts were given to relatives. If all these are put together.. few months before the election, the debt brought in the name of the organization without accounting has become a topic of discussion among the staff. After the election results were announced, some staff members tried to prevent the evidence of irregularities in the fiber net. The alert government has seized the headquarters in Vijayawada from the fourth of last month. It has been decided that the staff will work online.
It’s all a pre-emptive strategy: AP Fibernet took a loan of Rs 900 crore just months before the elections. Once this amount was deposited in the company account, the payments were made to Edapeda. It is reported that there is no accounting document for the payments of Rs.151 crores. Bank accounts related to AP Fibernet’s financial transactions were recently examined by higher officials. Some payments have no details. It is not possible for the authorities to calculate based on the information of bank accounts. Madhusudan Reddy made their files available online. As soon as he assumed charge, he ordered to do away with the e-office system and conduct the activities offline. Due to this, there are suspicions that the records were not found online with a pre-planned strategy. In this order, the head office in Vijayawada is open.. What documents are there for hundreds of crores of rupees paid by the bank? What’s in it? Where did the money come from? To whom was the amount paid? Do they actually need to be paid? A top official said things like
Why is it insisted to be changed to the investment department?: Previously, the administration of Fibernet was under the supervision of the energy department. After Madhusudana Reddy assumed responsibility, he insisted that it should be transferred under the investment and infrastructure department. Former minister Peddireddy Ramachandra Reddy recommended for this. From time to time the government has given orders by changing the department. After that, taking a loan in the name of the company, paying the majority share of the amount to the contractor for the maintenance of the closed circuit cameras was cleverly done. It is alleged that 15% commission was charged in this matter.
Officials are already investigating the former MD’s obstruction in staff appointments. A total of 1,299 personnel were found in all the cadres. Except for two, all the others got jobs with the recommendations of the leaders. It is reported that even if the field staff does not come to duty, they are paid salaries every month. There are allegations that names of benami are included in the list and the amount paid to them every month is pocketed by the MD of the company. There are allegations that the management contract was tied to the brother and he stole Rs. 12 crores annually.
