CBI Interim Chief Nageshwar Rao’s Wife Gave Rs 1.14 Cr To A Firm In 3 Years
Reports suggest that the firm is a shell company.
The Registrar of Companies (RoC) records reveal financial transactions worth crores between Central Bureau of Investigation (CBI) interim chief M Nageshwar Rao’s wife and Angela Mercantiles Private Ltd (AMPL), a Kolkata-based company.
The transactions are from financial years ending 2011 to 2014, reported The Indian Express.
In March 2011, Rao’s wife M Sandhya, had first borrowed Rs 25 lakh from AMPL. In the following financial years, from 2012 to 2014, Sandhya loaned Rs 1.14 crore to AMPL in three different transactions — Rs 35.56 lakh in FY’12, Rs 38.27 lakh in FY’13 and Rs 40.29 lakh in FY’14.
Praween Agarwal, listed in RoC records as a director of AMPL, defended the transactions while seeking to IE, “She (Sandhya) is the wife of our dear family friend (Rao). I know him (Rao) for a long time, when he was an officer in Odisha. They are like our family. What is wrong if you give loans or accept some investment from a person you know as your family friend?”
However, whether AMPL is an actual operational company is questionable because when IE visited the registered office of AMPL — CA, 39 in Salt Lake — on two different occasions, they were told by the building security and the caretaker that it was not an office but the residence of Agarwal. “There is no office here, this is a residential building,” the building guard told IE on Friday, Caretaker Alok Mandal told IE on Saturday, “The family is not here.”
Ever since Rao was appointed by Prime Minister Modi as the interim chief of CBI after Alok Verma was abruptly sent on leave on October 24, Rao’s integrity and record have come under close scrutiny. Earlier this week, Communist Party of India (Marxist)’s Odisha wing alleged that Rao had made “communal comments and questioned the Constitution’s bias” during a 1988 speech for which, he had been transferred.