look news india
New Delhi: Hyderabad-based Megha Engineering, the second largest donor in the controversial electoral bond scheme of the central government, is once again embroiled in controversy. CBI against the company. A case of corruption has been registered in a project worth Rs 315 crore. Along with this, CBI has also registered the names of 8 officers of NISP and NMDC and two officers of MECON in the FIR. Megha Engineering donated Rs 50 crore to political parties, amounting to Rs 966 crore.
CBI officials on Saturday said that Megha Engineering paid Rs.100 crore for works related to Jagdalpur Integrated Steel Unit. Bills worth about Rs 174 crore approved. An alleged bribe of Rs 78 lakh was given. According to data released by the Election Commission on March 21, Megha Engineering was the second largest buyer of electoral bonds. He gave BJP approximately Rs. The highest donation was Rs 586 crore.
The company paid BRS Rs. 195 crore, DMK Rs. 85 crores and YSR Congress Rs. Donated Rs 37 crore. On behalf of the company, TDP of Andhra Pradesh received Rs. While Congress got Rs 25 crore. Donation of Rs 17 crore was given.
According to the FIR, on August 10, 2023, the CBI has seized Rs. FIR registered for alleged bribery in a project worth Rs 315 crore. Based on the findings of the preliminary investigation, a case regarding alleged bribery was recommended to be registered on March 18 and an FIR was registered on March 31. CBI charges against eight officials of NISP and NMDC Limited. He has been accused of taking bribe of Rs 73.85 lakh. Apart from this, the names of two officials of Macon Limited have also been mentioned in the FIR. Allegedly Rs. In lieu of payment of Rs 174.41 crore. An allegation has been made of embezzling Rs 5.01 lakh.
Megha Eng owner lives in Diamond House
PP Reddy, owner of Megha Engineering and Infrastructure, who is now accused of allegedly bribing government officials after issuing electoral bonds, lives in Diamond House. Reddy, who started a small company with just two people in 1989, today has a turnover of Rs. He is the chairman of Megha Engineering and Infrastructure Limited, a Rs 26,700 crore company. Reddy's Diamond House is an architectural marvel. Reddy's palace-like bungalow in Jubilee Hills area of Hyderabad has glass exterior walls. This house looks like a diamond and shines because of the glass.
