100 Crore Election Fund to Congress from Megha?

100 Crore Election Fund to Congress from Megha Engineering and Infrastructure Limited?

Megha Engineering Infrastructure Limited (MEIL) which is the frontrunner for bagging Polavaram Remaining Dam Works and Hydel Project Contract in Reverse Tendering, is under the scanner of Income Tax Department. MEIL is also undertaking several projects in Telangana.

IT raids which began at 4 AM on Friday at the residences and offices belonging to MEIL MD, PV Krishna Reddy and are yet to conclude even today. Megha Krishna Reddy is close to the Chief Ministers of both the Telugu States and there are allegations that he has funded election expenses of TRS and YSR Congress in the recent elections.

Meanwhile, CNN News18, a National Channel published a story saying that the Hyderabad based firm gave more than ₹100 crore cash to AICC. The story said the cash was siphoned off through government expenditure using fake accounts. Searches at Megha engineering led to AICC office-bearers.

It is surprising that MEIL MD, PV Krishna Reddy has given funds for Congress even as he is known to be very close to Telangana Chief Minister, K Chandrasekhara Rao.

Follow @mirchi9 for more User Comments
47 Days ZEE5 Telugu Movie ReviewDon't Miss47 Days Review - Tests your Patience LevelsBOTTOM LINE Tests your Patience Levels OUR RATING 1.25/5 Runtime 1hr 44mins What Is the...Vundavalli Aruna KumarDon't MissTime to Kill 'Undavalli' Factor?Veteran Political Leader, Vundavalli Aruna Kumar who never hesitates to proclaim himself as a well-wisher...Allu Arjun's Smuggling Spot ChosenDon't MissAllu Arjun's Smuggling Spot ChosenAllu Arjun's fans are eagerly awaiting to know how and where the makers of 'Pushpa'...Center Gives Cleanchit to Chandrababu NaiduDon't MissCenter Gives Cleanchit to ChandrababuUnion Jal Shakti Ministry has given a clean chit to the Chandrababu Naidu Government on...Actress Esha Gupta Cracking up Desires With Hot Yoga-Don't MissActress Cracking up Desires With Hot YogaThough it's a yoga pose that must be inspiring many regarding their health and fitness,...