APSFL lost ₹121 crore owing to lapses during TDP regime, says Chairman
The Hindu
CID booked cases against 18 persons in the case
Andhra Pradesh State FiberNet Limited (APSFL) Chairman P. Goutham Reddy has said the CID has detected lapses that caused a loss of ₹121 crore to the government-owned company during the TDP regime, and booked cases against 18 persons, including the prime accused Vemuri Harikrishna Prasad, who was inducted into the board of directors after he was made to step down as the MD of a software firm. He alleged that Mr. Prasad, who headed the APSFL tenders committee, and the others had colluded with some private firms in the supply of signal meters, cables and other equipment and payments were made without the bills being submitted. There were massive irregularities in tenders worth ₹321 crore invited by the APSFL.
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