Hyderabad: A complaint filed with the CBI alleges that Congress leader A. Revanth Reddy had floated 18 shell companies along with his close relatives and in-laws.
A majority of these was registered on his address of his residence at Jubilee Hills.
The Congress leader is allegedly making ill-gotten money to the tune of Rs 200 crore to Rs 300 crore, the complaint filed by advocate Rama Rao Immaneni said. The advocate had earlier lodged a complaint against Mr Revanth Reddy in the Jubilee hills Housing Society scam.
Mr Rama Rao alleged that Mr Revanth Reddy in his 2009 election affidavit had revealed that he had purchased shares worth Rs 2,16,770 with Sri Sai Mourya Estates & Protects Ltd and invested a sum of Rs 66 lakh in company which was incorporated on April 3, 2003.
Company associates include Vaddireddy Suresh Reddy, Jaya Prakash Sudhini, Venkata Shiva Rami Reddy, Veeram Reddy Ram Chandra Reddy Chitagunta, Inturi Praveen Reddy, all said to be related to Mr Revanth Reddy.
The complaint was forwarded by the CBI to the Enforcement Directorate and the I-T department.
