AP Fibernet Scam: INCAP Ex MD Sambasiva Rao Arrested By CID

CID arrests K Sambasiva Rao ex-MD of INCAP in  AP Fibernet scam - Sakshi Post

AMARAVATI: Crime Investigation Department (CID) officials on Saturday arrested K Sambasiva Rao, former VC and MD of Infrastructure Corporation of AP Limited (INCAP), for his alleged involvement in the AP FiberNet Project  tenders scam. He was remanded in judicial custody till October 1.

After conducting medical examination at the Government General Hospital, he was produced in court which sent him to Judicial Custody till the first of October. He was then shifted to the sub-jail in Machilipatnam.

CID officials have already registered a case against 19 accused for corruption worth Rs 330 crore in the first phase of fibre net tenders worth a total of Rs 2,000 crore. Sambhasivarao was interrogated by CID officials for a few days as part of the investigation.

Also Read: AP Fibernet Scam: CID Questions Vemuri Hari For Second Day

Based on a reAport submitted by Andhra Pradesh State Fibernet Limited (APSFL) Chairman P Gowtham Reddy to the State government that the previous TDP regime committed several irregularities in awarding the project contracts causing loss to the exchequer, the CID was asked the probe the scam. After conducting a preliminary inquiry, it registered an FIR on September 9.

A case was registered under sections of cheating, forgery, criminal breach of trust and criminal conspiracy of the IPC and the Prevention of Corruption Act against 19 persons and some government officials.

The accused mentioned in the FIR include former member of the Governing Council of e-Governance Authority Vemuri Hari Krishna Prasad, Tera Software Private Limited chairman SSR KoteswarDa Rao, managing director T Gopi Chand and six other directors and six directors of Himachal Futuristic Communications Limited. It seems likely that few more people would be arrested soon in the fibernet tenders scam.

Also Read: AP FiberNet Scam: FIR Against 19 Members

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