Rs 371 crore from Siemens fraud rerouted to Naidu’s accounts, states Jagan

VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy stated that N. Chandrababu Naidu is the primary implicated in the ability advancement Siemens fraud in which Rs 371 crore of public cash was taken in by him and his males. Intervening in the conversation on ability advancement fraud in the Legislative Assembly on Monday, Reddy stated that Siemens had actually performed an internal examination and clarified that it has no connection with the fraud, which is the greatest fraud in the name of trainees in the nation, Naidu understands how to pocket the looted cash, he stated. The Chief Minister elaborated on how Naidu masterfully managed the fraud by getting an unauthorised personal note of quotes authorized in a Cabinet conference causing the problem of a GO and after that signing an absolutely various MoU with the unapproved individuals for robbery Rs 371 crore. Reddy discussed that Naidu had actually scripted and directed the rip-off so cunningly that the GO arrangements and the MoU conditions were completely various. He even more described that while the Cabinet authorized the personal note and the associated GO broached 90% of the proposed overall task expense of Rs 3,356 crore for the advancement of abilities amongst youth originating from Siemens in the kind of grant-in-aid, there was no reference of the grant-in-aid in the MoU. “The grant-in-aid never ever originated from Siemens however the TDP federal government fast paid 10% of the job expense equating to Rs 371 crore (consisting of taxes) in 5 tranches
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