Money laundering and Foreign assets of Sri Chandrababu Naidu 1. Despite the partnership summits which were organized in Hyderabad during Sri.Naidu’s regime, and his official trips to Europe and USA, no substantial FDI was received by the state of Andhra Pradesh from the West. Interestingly, almost all the contracts like Kakinada Sea Ports, Raintree park situated at Hyderabad, GMR International Airport, Ascendas IT park, AP Gems and Jewellery Park, and Emaar township were awarded to international companies of Malaysia, Singapore or UAE. 2. The then Prime Minister of Malaysia Sri. Mahathir Mohammed had stepped down after facing severe corruption charges in his country. Sri.Naidu’s personal friendship with Mahathir is not a secret to the observers of international relations. Sri Mirzan Bin Mahathir, the elder son of Mahathir Mohammed was the Chairman of the International Seaports Consortium and even has a majority stake in the said company which got the Kakinada sea port contract under Public-private partnership basis. It is also equally important to note that the national press in India and investigative journals like Tehelka had revealed Sri Naidu has investments in the hospitality industry in Malaysia and Singapore. One can understand the nature of bribes in such a case which were not taken here, but were received and invested in the same country. An ordinary citizen of India cannot investigate the facts of the matter and it is the Enforcement Directorate under the aegis of the Union Government that can only examine this by issuing Letters of Request under the PMLA Act. 3. In addition, as far as the AP Gems & Jewellery Park is concerned, Sri Naidu via APSTC gave 2.6 acres in 2002 in Banjara Hills to Chukkapalli Suresh (MD of AP Gems and the brother of a TDP candidate). A company named IOI India headed by C.Suresh gets financial funding from its holding company IOI Mauritius. Sri Naidu is the owner and beneficiary of IOI Mauritius, which is using its subsidiary in India to launder illegal moneys. 4. In the year 2002, the newsmagazine Tehelka reported about Sri.Chandrababu Naidu’s disproportionate assets by naming him as the richest politician in India. They have further reported his indirect holdings in the Hotel industry and with having shopping complexes in Singapore and Malaysia respectively. Further enquiries in this regard revealed that the land on which the hotel building is located in 1, Unity Street, Singapore, 237983 is owned by M/s Parksing property pte. limited. The hotel is managed / administered by the famous Park Group on payment on royalty basis. It is interesting to note that 100 percent equity in Parksing property pte. limited is held by a company incorporated in British Virgin Islands namely Eagle Force Profits Limited, P.O.Box 957, Road Town, Tortola, British Virgin Islands. This BVI Company in turn is owned by a private discretionary trust in which family Members and relations of Sri Chandrababu Naidu are the beneficiaries
Posted on: Fri, 04 Apr 2014 09:34:40 +0000
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