ED raids: Sujana cries foul

Hyderabad: Former Union Minister and TDP Rajya Sabha member Y Satyanarayana Chowdary (alias Sujana Chowdary) on Sunday alleged that Central government was targeting him and his companies for political reasons.

He said that as part of it, it had directed Enforcement Directorate officials to raid his houses and companies. He said he will take legal recourse against the ED. Sujana Chowdary said he will appear before the ED after Parliament session and not on November 27.

Addressing a press conference at his residence in Jubilee Hills on Sunday evening, he said that he was targeted by the Centre all the time. He entered public life in 2009 and became TDP Rajya Sabha member in 2010.

He said he started two companies 30 years ago and since then his companies were maintaining all the records on website. All the companies were filing Income Tax returns after thorough auditing of the transactions.

The allegations made against him by the ED were baseless and they were done in a hurry. He said ED officials made a judgement without even trial.

The former Union Minister ruled out any graft and forgery by him. He denied any relation with the building in Nagarjuna Hills in Panjagutta, the costly cars and buildings on his name. He said three cars were registered on his son’s name and said he has just a "Rs 3 lakh car" in Delhi.

He alleged that ED officials flouted rules and tried to describe Rs 5,700 crore banks loans he had raised as fraud. They did not unearth anything new in searches since every information is present in their companies’ balance sheets.

He said that his 12 close classmates were doing business with him. Further clarified that he was not a director in Best & Crompton companies and his friends were directors.

TDP MP ruled out link with the 120 shell companies as was being alleged. He said he does not know the meaning of shell companies or dummy companies and said that he had quit from the companies in 2010.