Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Monday alleged that former chief minister N. Chandrababu Naidu was kingpin of Rs 371 crore talent growth rip-off wherein 4 individuals had been arrested by the Enforcement Directorate (ED).

Jagan Mohan Reddy informed the Legislative Meeting that all the rip-off quantity reached the TDP president and his males via shell firms via cash laundering channels.

Intervening within the dialogue on talent growth rip-off, the Chief Minister elaborated on how Naidu skillfully orchestrated the rip-off by getting an unauthorised personal be aware of estimates accepted within the Cupboard assembly resulting in the issuance of GO (authorities order) after which signing a very totally different MoU with the unauthorised individuals for looting public cash to the tune of Rs 371 crore. He termed it as the most important rip-off within the nation.

“Within the title of offering abilities to college students, the earlier TDP authorities looted the state extensively. This isn’t only a massive rip-off within the historical past of the state but in addition the most important within the nation. Chandrababu Naidu is a grasp in scamming individuals… Rs 71 crore had been diverted via shell firms and sadly college students have been the most important victims,” he mentioned.

“Nara Chandrababu Naidu is responsible of abusing his energy as a chief minister. His cupboard mentioned one factor however in actuality did one thing else. This rip-off began in AP and unfold overseas. The cash then got here again into the state via shell firms from overseas. Solely a felony like Chandrababu can mastermind this rip-off,” the CM asserted.

Chandrababu scripted and directed the rip-off so cunningly that the GO provisions and the MoU situations had been completely totally different, he mentioned, explaining that whereas the Cupboard accepted personal be aware and the associated GO talked of 90 per cent of the proposed complete venture price of Rs 3356 crore for the event of the talents of the youth within the state coming from the Siemens within the type of grant-in-aid, there was no point out of the grant-in-aid within the MoU.

Once more, whereas the GO talked of 10 per cent of venture price being borne by the federal government in type of contribution, it was modified as monetary help within the provisions of the MoUs.

The grant-in-aid by no means got here from the Siemens however the TDP authorities hurriedly paid the ten per cent of the venture price equalling to Rs 371 crore (which incorporates taxes) in 5 tranches in a brief interval of three months, mentioned the Chief Minister including that it was a rip-off skillfully scripted, directed and executed by the expert felony Chandrababu Naidu.

The rip-off broke out even through the TDP rule because the meant taxes had been by no means paid however the CID probe by no means moved forward because it was stalled by Naidu, Jagan Mohan Reddy mentioned.

When the decrease stage officers objected to the releasing of the ten per cent monetary help with out the grant-in-aid coming in from the Siemens, Chandrababu directed the officers to launch the quantity, he mentioned, elaborating additional that there have been be aware recordsdata signed by the principal finance secretary and the then chief secretary to this impact.

Makes an attempt had been additionally made to destroy these be aware recordsdata by the TDP authorities however they’re dug out now with the usage of shadow recordsdata from the opposite departments, he mentioned, including that the Siemens Firm additionally formally informed the courtroom that it by no means applied any talent growth coaching schemes and it had nothing to with the associated GO or the MoU signed by the federal government. Siemens additionally informed the courtroom in its affidavit that the arrested firm officers with whom the TDP authorities signed the MoU by no means introduced it to the discover of the upper administration they usually signed the MoU of their personal capability, he mentioned.

Chandrababu and his males entered right into a conspiracy with the previous officers of the Siemens (now arrested and present process judicial custody) to loot the general public cash, he mentioned and requested: how can a Cupboard assembly approve a proposed be aware of the associated fee estimates ready by people for establishing the talent growth centres and clusters for coaching the youth taking it as DPR?