ESI scam: ACB sleuths found two shell companies of former IMS director Ch Devika Rani

ESI scam: ACB sleuths found two shell companies of former IMS director Ch Devika Rani
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ACB sleuths found that IMS former Director siphoned Rs 3 crore by forming two shell companies

Hyderabad: The Anti-Corruption Bureau (ACB) officials who are intensified their investigation in multi-crore medicines purchasing scam of ESI on Thursday are conducting searches in the house and office of Srinivas Reddy in Alwal. The searches are going on after finding about the Shell companies of IMS former Director Ch Devika Rani. They found that she formed two Shell companies on the name of Srinivas Reddy who is the brother of Rajeshwar Reddy, the owner of Teja Pharma company. During investigation the sleuths further found primary evidences against Devika Rani and Pharmacist Nagalakshmi that they siphoned around Rs 3 crore through these shell companies and bought gold.

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