APSSDC–Siemens case: ED files supplementary chargesheet attaches Rs 54.74 crore assets
The ED began its probe based on an FIR registered by the APCID against M/s Designtech Systems Private Limited (DTSPL) and others
By Sistla Dakshina MurthyPublished on : 31 Jan 2026 5:33 PM IST
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Hyderabad: The Enforcement Directorate (ED), Hyderabad Zonal Office, has filed a supplementary prosecution complaint in the Andhra Pradesh State Skill Development Corporation (APSSDC)–Siemens project case, alleging large-scale diversion and siphoning of government funds meant for skill development.
The Special Court under the Prevention of Money Laundering Act (PMLA), Visakhapatnam, took cognisance of the supplementary complaint on January 28.
Case background
The ED began its probe based on an FIR registered by the Andhra Pradesh Crime Investigation Department (CID) against M/s Designtech Systems Private Limited (DTSPL) and others.
The case pertains to alleged cheating of the Andhra Pradesh government by misappropriating funds invested in the Siemens project, which was intended to promote skill development and entrepreneurship in the State.
Alleged Modus Operandi
According to the ED, Vikas Vinayak Khanvelkar, Managing Director of DTSPL, along with Soumyadri Sekhar Bose alias Suman Bose, former Managing Director of Siemens Industry Software India Pvt. Ltd., and their associates Mukul Chandra Agarwal and Suresh Goyal, diverted government funds through shell and defunct entities.
The agency alleged that the accused routed funds via multi-layered transactions using bogus invoices under the guise of supplying materials and services. Entry operators were allegedly engaged for fund diversion, for which commissions were paid.
Arrests and Initial Attachments
During the investigation, the ED arrested Khanvelkar, Bose, Agarwal and Goyal on March 4, 2023. In April 2023, the agency attached fixed deposits worth Rs 31.20 crore held in the name of DTSPL. A prosecution complaint was subsequently filed, and the Special PMLA Court took cognisance in May 2023.
Further probe and additional attachments
Further investigation led to the identification of additional proceeds of crime held by other accused, including entry providers. The ED attached bank balances, shares and immovable properties located in Delhi NCR, Mumbai and Pune, valued at Rs 23.54 crore.
Total seizures
With the latest attachments, the total value of assets attached in the case stands at Rs 54.74 crore.
Supplementary complaint filed
Based on the fresh findings, the ED filed a supplementary prosecution complaint before the Special PMLA Court, Visakhapatnam, which has now taken cognisance, paving the way for further legal proceedings in the high-profile APSSDC–Siemens case.
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