ED summons Mantena Srinivas Raju promoter in scam case

U Sudhakar Reddy / TNN / Updated: Jan 13, 2021, 13:06 IST

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The Enforcement Directorate has summoned Mantena Srinivas Raju of Mantena group of companies in connection with Rs 3,000 crore e-tendering scam of Madhya Pradesh.

ED summons Mantena Srinivas Raju promoter in scam case

Enforcement Directorate

HYDERABAD: The Enforcement Directorate has summoned Mantena Srinivas Raju of Mantena group of companies in connection with Rs 3,000 crore e-tendering scam of Madhya Pradesh. The company is one of the accusedin tampering e-tenders. Srinivas Raju is a promoter for six companies. The CBI has already conducted searches on the promoters of Mantena group, GVPR Engineers Limited and former chief secretary of MP M Gopal Reddy.ED had booked a PMLA case based on the FIR issued by the economic offences wing of Madhya Pradesh in 2019. Tenders pertaining to government departments like water resources,Jal Nigam, PWD, public health engineering and road development were tampered in 2018. Probe had revealed GVPR Engineers and other companies changed bid price in three tenders of Madhya Pradesh Jal Nigam Maryadit worth Rs 1,769 crore. Max Mantena Micro JV Hyderabad committed a similar fraud and all these companies earned illegal profits.

About the Author

U Sudhakar Reddy

Sudhakar Reddy Udumula is the Editor (Investigation) at the Times of India, Hyderabad. Following the trail of migration and drought across the rustic landscape of Andhra Pradesh and Telangana, Sudhakar reported extensively on government apathy, divisive politics, systemic gender discrimination, agrarian crisis and the will to survive great odds. His curiosity for peeking behind the curtain triumphed over the criminal agenda of many scamsters in the highest political and corporate circles, making way for breaking stories such as Panama Papers Scam, Telgi Stamp Paper Scam, and many others. His versatility in reporting extended to red corridors of left-wing extremism where the lives of security forces and the locals in Maoist-affected areas were key points of investigation. His knack for detail provided crucial evidence of involvement from overseas in terrorist bombings in Hyderabad.

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