Hyderabad Based CA Arrested By CBI In KCR’s Daughter Excise Policy Case : Delhi

The Central Bureau of Investigation (CBI) has arrested a former chartered accountant of Bharat Rashtra Samithi (BRS) MLC Kalvakuntla Kavitha, the daughter of Telangana Chief Minister K Chandrashekar Rao, in connection with alleged irregularities in the Delhi excise policy. “In the ongoing disquisition in the Delhi excise policy case, CBI has arrested a Hyderabad-grounded CA, Butchibabu Gorantla, for his alleged part in the expression and perpetration of the Delhi Excise Policy and thereby causing unlawful gain to Hyderabad-grounded non commercial and retail agents and their salutary possessors under the Delhi Excise Policy for the year 2021-22. He’ll be produced in the court,” CBI officer R C Joshi said. 

Officers said Butchibabu, who before worked with Kavitha, was summoned by CBI to join the disquisition at their headquarters in Delhi. “He joined the disquisition on Tuesday, but he wasn’t cooperating with the disquisition,” a functionary said. Before this, CBI had questioned Kavitha at her Hyderabad hearthstone and recorded her statement. Lately, the Enforcement Directorate (ED) in its supplementary execution complaint filed over alleged irregularities in the Delhi excise policy case indicted AAP dispatches principal Vijay Nair of entering effects to the tune of Rs 100 crore from the “South Group” allegedly comprising individualities linked as YSRCP MP Magunta Srinivasulu Reddy, Raghav Magunta, Sarath Reddy, and Kavitha. Kavitha has denied the allegations. In its chargesheet filed into irregularities in the excise policy case, CBI has stated that hawala channel deals to the tune of Rs 20-30 crore were allegedly made by South-India based liquor manufacturers to Nair in order to use his position in the ruling party in Delhi to achieve the illegal ideal of cartelisation. 

As per the CBI chargesheet, the indicted entered into a felonious conspiracy when the excise policy was still under expression from April 2020 to get “overdue benefits by circumventing vittles of the policy and to achieve the illegal ideal of cartelisation between liquor manufacturers, wholesalers and retail merchandisers.” It contended that a “huge quantum of around Rs 20-30 crore was arranged by businessman Abhishek Boinpally at the decree of some liquor manufacturers belonging to South (India) and this quantum was transferred or transmitted by him through indicted Dinesh Arora to AAP dispatches in-charge Vijay Nair and his associates during the period between July and September 2021 in cash using hawala channels.” 

The CBI chargesheet states that this was an advanced plutocrat “ paid by liquor manufacturers from South” to Nair for “exercising his influence upon and using his position in the ruling party in Delhi to achieve the below illegal ideal of cartelisation between different factors of the excise policy”. It has also been contended in the chargesheet the “profit periphery for wholesalers was designedly kept as high as 12% of the landed cost of IMFL (Indian Made Foreign Liquor) and 6% share out of this 12% profit periphery was to be paid or returned to Abhishek Boinpally, who’s stated to be a frontman of liquor manufacturers from South, against the below illegal quantum of Rs 20-30 crore earlier transferred by him to Nair through hawala channels”.

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