ED questions TD leader J.C. Prabhakar Reddy in money laundering case

HYDERABAD: The Enforcement Directorate (ED) questioned TD leader and Tadipatri municipal chairman J.C. Prabhakar Reddy in a money laundering case and obtained details of his transport business activities.

Based on a FIR registered by the AP Crime Investigation Department (CID), ED officials initiated the probe into the money laundering aspect of the case regarding Prabhakar Reddy’s companies securing fake BS IV pollution certification for BS III vehicles.

According to sources, Prabhakar Reddy had purchased 154 heavy vehicles from a dealer a few years ago and these vehicles were registered as belonging to the BS IV category. It was reported that these vehicles were manufactured in the BS III class. Following this, a case of forgery was registered against JC Travels which belongs to Prabhakar Reddy.

During five hours of questioning on Friday, ED officials allegedly asked Prabhakar Reddy about the JC Travels business and purchase of 31 vehicles. The agency officials also inquired into getting registration of these vehicles as well as getting them registered with different states.

After his questioning, Prabhakar Reddy said the ED officials had treated him politely and that he had cooperated with the agency officials. He said he had answered the questions of the ED officials.

"I have never indulged in money laundering. AP CID officials deliberately registered the cases. I will come out clean. I have not committed any violation (of rules). I will face an inquiry," Prabhakar Reddy said.

( Source : Deccan Chronicle. )
Next Story