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Not involved in financial irregularities: TDP MP Chowdary
Hyderabad, Nov 25 (IANS) A day after the Enforcement Directorate (ED) conducted raids on his firms and issued him summons, former Union Minister and TDP MP Y.S. Chowdary on Sunday denied the allegations of financial irregularities.
He told reporters here that none of the companies established by him was involved in any irregularities and termed the allegations as a conspiracy by the Centre to politically harm him.
“Since I am politically active, I am being targeted,” said the Telugu Desam Party (TDP) Rajya Sabha member.
The ED officials on Friday and Saturday conducted searches at the residence and offices of Chowdary and asked him to appear before the agency on November 27.
According to ED, searches revealed that banks have been defrauded by companies owned by Chowdary to the tune of over Rs 5,700 crore.
The ED seized six luxury cars including Ferrari, Range Rover, and Benz from Chowdary’s residence. These vehicles, registered in the name of dummy companies, have been seized under the provisions of Prevention of Money Laundering Act (PMLA), the ED said.
Chowdary, who owns Sujana Group of companies, said the cars seized by ED belonged to the family. Claiming that he has nothing to do with dummy companies, the MP said his firms were functioning with transparency.
“Is it a crime to obtain bank loans,” he asked and denied allegations of defrauding the banks.
“Documents recovered indicate that they are controlling over 120 companies and most of them are non-operating or companies on paper only without any genuine business activities,” the ED had said in a statement on Saturday.
Chowdary is a close aide of TDP President and Andhra Pradesh Chief Minister N. Chandrababu Naidu. He was Minister of Science and Technology in the Narendra Modi Cabinet till March when the TDP pulled out of the BJP-led NDA government at the Centre.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.