APSSDC scam: Prime accused held; had set up 200 shell companies
Crime Investigation Department (CID) of Andhra Pradesh arrested Shirish Chandrakant Shah for money laundering and setting up shell 200 companies.
By Newsmeter Network Published on 17 Dec 2021 2:33 AM GMT
Vijayawada: Crime Investigation Department (CID) of Andhra Pradesh arrested Shirish Chandrakant Shah for money laundering and setting up shell 200 companies.
He is one of the prime accused in the Andhra Pradesh State Skill Development Corporation (APSSDC) scam He was arrested in Mumbai.
It may be recalled that Chandrakant Shah, a market operator, was arrested by the Directorate General of Goods and Services Tax Intelligence (DGGI) in the past for laundering hundreds of crores by floating over 200 shell companies.
CID officials produced Shah before the ACB court in Vijayawada. He was remanded to judicial custody at Machilipatnam jail in Andhra Pradesh till December 24.
CID officials said Shah was the mastermind in transferring the government share of Rs 371 crore to the shell company `Skiller Enterprises' via Pune-based `DesignTech Systems Pvt Ltd' back in 2015.
Shah set up Allied Computers International (ACI) a shell company that was awarded the contract to supply hardware and software. Around Rs 242 crore was transferred from Skiller Enterprises to ACI.
