Posted by AI on 2026-02-02 13:58:38 | Last Updated by AI on 2026-02-04 15:39:17
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In a significant development, the Enforcement Directorate (ED) has filed a chargesheet in the Andhra Pradesh Skills Development Corporation (APSSDC) case, exonerating former Chief Minister Chandrababu Naidu while implicating Designtech Systems Pvt. Ltd. and its associates. The case, which has been under investigation for alleged money laundering and corruption, took a new turn with this recent update.
The ED's chargesheet, filed in a special court, outlines a web of financial transactions and alleged kickbacks involving APSSDC, a state-run entity, and Designtech, a private company. The probe revealed that Designtech, a key player in the IT training sector, had secured a contract from APSSDC to provide training and skill development services. However, the investigation unearthed a trail of suspicious payments and financial irregularities, suggesting a potential scam.
The ED's chargesheet specifically mentions that Naidu, the former CM, was not involved in any money laundering activities. This is a significant development as Naidu had been accused of influencing the contract award process and receiving kickbacks. The ED's thorough investigation, which included examining financial records and interviewing key personnel, found no evidence to support these allegations.
The focus now shifts to Designtech and its associates, who face charges of money laundering and corruption. The chargesheet details how the company allegedly siphoned off funds through a complex network of transactions, involving shell companies and overseas accounts. The ED has frozen several bank accounts and seized assets worth crores, as part of its ongoing probe. With the chargesheet filed, the case is expected to move forward, with the accused individuals and entities facing legal proceedings. The ED's action sends a strong message against corruption and financial malpractices, ensuring that those involved in such activities are brought to justice.