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February 25, 2018

CBI search operation leads to seizure of huge cash, gold and silver biscuits

Newsroom24x7 Desk

cbiNew Delhi: The Central Bureau of Investigation (CBI) today raided 20 different places in Hyderabad, Warangal, Karimnagar, Guntur, Mumbai and Nagpur. The raid at the residence of a former Cotton Purchase Officer, Cotton Corporation of India Ltd, Warangal resulted in the recovery of Rs. 30 lakhs in cash, approximately 3 kg of gold biscuits and about 30 kg of silver biscuits apart from huge land and property related and other incriminating documents. The CBI is examining huge investments at other places in the name of other officers of Cotton Corporation of India in this case.

The accused officers, who have not been identified so far, are accused of committing irregularities in the implementation of the government’s “Minimum Support Price” (MSP) scheme during the period 2004-07 by the Cotton Corporation of India in Warangal and Karimnagar Districts.

The CBI has registered a case under sections 120-B read with 420, 468 & 471-A of IPC and Section 13(2) read with 13(1)(d) of the Prevention of Corruption Act, 1988 against the unidentified officials of Cotton Corporation of India Ltd, Warangal (Telangana); Agriculture Market Committee, Warangal and commission agents of Warangal & Karimnagar Districts, on the orders of the High Court of Telangana and Andhra Pradesh.

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