BS-IV vehicles scam: ED attaches Rs 22.10 Cr worth property of ex-MLA Prabhakar Reddy's JIPL, others
ED has gathered evidence including fabricated invoices from RTO Authorities in Nagaland and original invoices issued by Ashok Leyland as Scrap for some vehicles and established the crime.
By Newsmeter Network Published on 30 Nov 2022 6:41 AM GMT
Hyderabad: Enforcement Directorate (ED) has provisionally attached properties worth Rs. 22.10 Crore of former MLA JC Prabhakar Reddy-controlled Diwakar Road Lines and Jatadhara Industries Pvt Ltd in the BS-IV vehicles scam.
ED said the attached properties worth Rs 22.10 Crore were held in the name of firms connected to Diwakar Road Lines and Jatadhara Industries Pvt Ltd (controlled by J.C. Prabhakar Reddy, former MLA), C. Gopal Reddy and Co (belonging to his close associate Gopal Reddy, a Civil contractor of Tadipatri, Ananthapur District A.P) and their family members in an ongoing investigation under PMLA relating to the BS-IV vehicles scam.
ED said in 2017, Supreme Court had ordered that vehicles that were not compliant with BS IV emission norms should not be sold in India by any manufacturer or dealer from April 1, 2017, and that the registering authorities were also prohibited from registering such vehicles from 1st April 2017 onwards.
ED said Jatadhara Industries Pvt Ltd (JIPL) and C. Gopal Reddy and Co in contravention of the aforesaid Order purchased BS-III vehicles from Ashok Leyland Ltd at discount and fraudulently registered the same as BS-IV vehicles by fabricating the invoice copies. Investigation revealed that some of the registrations were done in Nagaland, Karnataka, and Andhra Pradesh.
ED has gathered evidence including fabricated invoices from RTO Authorities in Nagaland and original invoices issued by Ashok Leyland as Scrap for some vehicles and established the crime. The crime proceeds generated by owning/plying and/or selling these vehicles have been quantified as Rs 38.36 Crore.
As a result of the investigation and searches, movable properties to the extent of Rs. 6.31 crore consisting of bank balances, cash, jewelry, and receivables as well as 68 immovable properties to the extent of Rs. 15.79 crore belonging to J.C Prabhakar Reddy and his family member and. C. Gopal Reddy and his family members have been attached.
Further investigation is in progress including the role of Ashok Leyland in the scam.
