CBI registers a case against a Member of Parliament from Andhra Pradesh on the directions of hon'ble High Court of Andhra Pradesh

Press Release
New Delhi , 18-08-2011

The Central Bureau of Investigation has registered a case U/s 120-B r/w 420, 409, 420, 477A and Sec.13(2) r/w 13(1)(c) & (d) of PC Act, 1988 against a Member of Parliament from Andhra Pradesh, and others, on the orders of Hon'ble High Court of Andhra Pradesh in Writ Petition No.794 & 6604 of 2011; on the allegation that the investors who invested in the companies owned and promoted by the Member of Parliament at very high premiums were as a quid-pro-quo for the favours doled out by the then Chief Minister of Andhra Pradesh.

Searches are being conducted at Hyderabad, Bangalore, Chennai, Kolkata, Rajkot, Delhi and Mumbai, in this connection.

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