A complaint has been filed with the Enforcement Directorate (ED) in New Delhi headquarters by Krishank Manne, the official spokesperson of the Bharat Rashtra Samithi (BRS), raising serious concerns over a Memorandum of Understanding (MoU) between ‘Swachh Bio’ and the Telangana government. The MoU, announced by Chief Minister Anumula Revanth Reddy on August 6 involves an investment of Rs. 1000 crore.
ED authorities took the complaint and gave an acknowledgement. The complaint alleges a ‘conflict of interest’ and ‘quid pro quo’, pointing out that one of the directors of ‘Swachh Bio’ is Anumula Jagadeeshwar Reddy, the brother of the Chief Minister. “It is a matter of serious concern that one of the directors of ‘Swachh Bio’, Anumula Jagadeeshwar Reddy, is the CM’s brother, which raises questions about the integrity of the deal,” Krishank Manne stated in his letter to the ED.
Additionally, the complaint highlights that ‘Swachh Bio’ was incorporated just 15 days before the CM’s official visit to Philadelphia, USA, where the MoU was signed. The company, which is registered at an address in Jubilee Hills, Hyderabad, is allegedly a shell company with no active business operations. “What is the purpose of announcing this company in the USA? Does it involve foreign funds? Is there any connection to money laundering?” the complaint questions.
The complaint also raises concerns about the involvement of Harsha Pasunuri, who was pictured alongside CM Revanth Reddy during the MoU signing. “The person who was in the picture with Chief Minister Revanth signing the MoU is Harsha Pasunuri. He, along with CM Revanth’s brother, should explain their financials and how they have come forward to invest Rs. 1,000 crore,” Krishank added.
Urging the authorities to investigate the matter thoroughly, Krishank added, “As this is sheer corruption, we request the authorities to kindly accept our appeal as a complaint and conduct a fair investigation on Swachh Bio directors as well as Revanth Reddy.”