Retired IAS Officer Named in PMLA Prosecution Sanction
The Andhra Pradesh government has sanctioned the prosecution of retired IAS officer B. Kripanandam for alleged money laundering in connection with the Bharathi Cement Corporation Private Limited case.
Vijayawada: The Andhra Pradesh government has sanctioned the prosecution of retired IAS officer B. Kripanandam for alleged money laundering in connection with the Bharathi Cement Corporation Private Limited case.
Chief Secretary G. Sai Prasad issued GO Ms. No. 223 on Tuesday, according sanction to prosecute Kripanandam under Section 3 of the Prevention of Money Laundering Act (PMLA), 2002, following a request from the Enforcement Directorate's Joint Director at its Hyderabad Zonal Office.
Kripanandam, who served as secretary of the Industries and Commerce and Mines departments, was named as accused No. 18 in the case involving M/s Bharathi Cement Corporation Private Limited.
According to the allegations, he abused his official position and extended undue favours to the company by granting a mining lease for setting up a cement plant, allegedly in conspiracy with Y.S. Jagan Mohan Reddy and others.
