ED attaches Rs 144.4 crore assets in Telangana Insurance Medical Services scam
Joint Director IMS, was found to be siphoning off medicines and supplies in the name of medical camps, ED said. In its probe, the agency found out that the patented products were sold in a cyclical manner and ultimately purchased by IMS at 4 , 5 times their normal market rate.;
New Delhi: The Enforcement Directorate (ED) on Tuesday attached assets worth Rs 144.4 crore in connection with Telangana Insurance Medical Scheme (IMS) scam.
The properties belong to the then Director of IMS and other IMS officials, their family members and suppliers of medicines.
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The attached assets are in the form of both movable and immovable assets. The agency attached these assets under the Prevention of Money Laundering Act (PMLA), 2002.
ED initiated a money-laundering investigation on the basis of eight FIRs registered by Telangana Anti Corruption Branch, Hyderabad, against the officials of IMS, Telangana, along with private persons including suppliers of medicines to IMS for violations in the tendering process, misappropriation of government funds and causing loss to the State exchequer to the tune of more than Rs 211 crore.
"The then Director IMS, Devika Rani, in collusion with the Joint Director IMS, and other staff of IMS have blatantly violated all norms of the government orders and all prudent office procedures, and issued Purchase Orders to firms mostly belonging to supplier K Srihari Babu and also benami firms set up by Dr Devika Rani and P Rajeshwar Reddy," the ED statement said.
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