Fibernet Scam: CID Traces What Chandrababu Naidu Did?
Various irregularities were unearthed in the case by the CID. The Fibernet project’s total worth is around Rs 2,000 crores.
By: Tupaki Desk | 17 Feb 2024 9:14 AM GMT
The much-talked-about scam that was unearthed in the previous term in Andhra Pradesh came back to bite the Telugu Desam Party and its chief Chandrababu Naidu. A charge sheet was filed in the case and Chandrababu Naidu is named A-1. Few others were also named as accused in the scam.
Various irregularities were unearthed in the case by the CID. The Fibernet project’s total worth is around Rs 2,000 crores. In the first stage, around Rs 330 crores were supposed to be released and spent. Chandrababu Naidu held energy, infrastructure, and investment department portfolios with him.
It is said that there were a few manipulations in the process of granting the tender to Tera Software Pvt Ltd which belongs to V Hari Krishna Prasad. The main allegation is that the blacklisting of the firm was revoked to benefit it. Hari Krishna Prasad was appointed as the E-governing Council member.
To give a benefit to Terasoftware Pvt Ltd other companies are said to have been ignored deliberately. A few officers are also said to have been changed for the company's benefit. Sambasiva Rao, the then MD of the firm is said to played a key role in this.
By rejecting the bids filed by other firms, Terasoftware Pvt Ltd benefited. A few documents were also tampered with to allow the firm to have a good score technically. On top of this, the expenditure of the project was also increased.
The project was not implemented as it should have been.
The majority of work that was supposed to be done under the project was not done. It is also alleged that the money was diverted to shell companies. As much as Rs 144 crores were diverted and the less quality work caused another damage of Rs 119.8 crores.
The investigating agency CID gathered all this evidence. One the procedure was not followed. On top of this one company was given importance to help it have an advantage. Even after getting the work, the company is said to have misused the funds by using less quality equipment and diverting the money to shell companies.
