ED has filed a Prosecution Complaint against Talla Narayana Rao, Branch Post Master, Sativada, Srikakulam District, before the Hon’ble Special Judge (PMLA), Visakhapatnam, under PMLA, 2002 in a case of misappropriation of MNREGA funds. Court has taken cognizance in the matter.
Enforcement Directorate has filed a Prosecution Complaint against Talla Narayana Rao, Branch Post Master, Sativada, Srikakulam District, before the Hon’ble Special Judge (PMLA), Visakhapatnam, under the Prevention of Money Laundering Act, (PMLA), 2002 in a case of misappropriation of MNREGA funds. The Prosecution Complaint was filed with a prayer for awarding punishment to the accused for committing the offence of money laundering. Court has taken cognizance in the matter.
ED initiated money laundering investigation on the basis of the FIR registered by the Anti-Corruption Bureau, Visakhapatnam, Andhra Pradesh, against Talla Narayana Rao under various sections of the Prevention of Corruption Act, 1988, and IPC, 1860.
Investigations by ED revealed that during the period from 2013 to 2015, while he was working as Branch Post Master, Sativada, an amount of Rs 1,53,77,868/- was misappropriated by Talla Narayana Rao, by increasing the number of beneficiaries (by way of altering the figures available on the print outs of the Point of transaction device (POTD)) under MNREGA. Therefore, the said amount of Rs 1,53,77,868/- is considered as proceeds of crime as per PMLA. Parts of the above proceeds of crime, were invested/utilized by him in acquiring immovable properties. After detection of fraud, said assets were disposed of and an amount of Rs 1,44,25,350/- was realized back by the Postal department. Now, ED has completed the investigation under PMLA and filed prosecution complaint for the trial court to adjudicate on the offence of money laundering.