The session of raiding illegal properties is continuing in Telangana. Recently, Telangana state Anti-Corruption Bureau (ACB) has booked nine persons including three Insurance Medical Services (IMS) officials, in connection with a case related to the misappropriation of state treasury money. IMS Director Ch Devika Rani, former Joint Director K Padma, and Assistant Director K Vasantha Indira are among those booked on charges of defrauding Rs.6.50 crore of government money.
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The ACB claimed that the involved have coddled in corruption by directing public servants through unlawful means such as falsifying records, conspiracy, and collusion with other accused, causing huge loss to the government exchequer. According to ACB, K Srihari Babu is accused of floating shell companies, indulging in circular trading and playing a key role in all the transactions and causing losses to the tune of crores to the government.
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The bureau alleged that by submitting a false authorization letter claiming to be a distributor of Hemocue HB Cuvettes, a device that measures hemoglobin levels, he had procured a purchase order from the IMS Director through his company Legend Enterprises in 2017-18. The ACB said that Srihari Babu allegedly used his personal influence and bribed or threatened officials of the Directorate of IMS. According to the ACB, the accused supplied the devices at an excessive price. While the company Hemocue AB Sweden, which manufactures the device, sold it to distributors at the rate of Rs 3,300 per unit, the distributors of Hemocue used to supply the same items at the rate of Rs 4,800 per unit.
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