AP Fibernet Scam: Vijayawada ACB Court Nod for Attaching Assets of CBN Associates

Vijayawada: In a significant move, Vijayawada Anti-Corruption Court (ACB Court) on Tuesday ordered the AP Crime Investigation Department (APCID) to go ahead with the attachment of immovable properties of the accused persons in the AP Fibernet scam which has caused a loss of Rs 114 crore to the state exchequer. 

The CID had filed a petition in the ACB court seeking its permission to attach the assets of TDP leader Chandrababu Naidu's close associates along with the Tera Soft company. The alleged financial irregularities in the AP Fibernet project took place during the TDP regime. It is alleged that the Naidu government awarded the tender to the Tera Soft consortium in a fraudulent manner.

The immovable properties identified by the CID are registered in the names of Tummala Gopichand, MD of Tera Soft (A-11), his wife Pavani are located in Srinagar colony, Yousufguda, Jubilee Hills colony and Chinna Mangalaram. 

Netops Fiber Solutions LLP’s Director Kanumuri Koteswara Rao has properties at Koritepadu in Guntur and at Kirlampudi Layout in Visakhapatnam. Rao owns a residential plot in Guntur, a flat in Visakhapatnam, four flats in Hyderabad and a place for business in Rangareddy district of Telangana. 

The CID has filed an FIR against 19 members in connection with the alleged financial irregularities in the tendering process and execution of the multi-crore AP Fibernet project introduced by the previous TDP government. The former chief minister Chandrababu Naidu is also an accused (A-25) in this case. Earlier, the YS Jagan government had authorised the CID through GO 180 to attach the properties of the accused persons in the corruption case. 

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