MP Geetha Under CBI Scanner

Published: 01st July 2015 05:34 AM  |   Last Updated: 01st July 2015 05:34 AM   |  A+A-

VISAKHAPATNAM:Reacting over the chargesheet filed against her by the CBI for cheating Punjab National Bank, Mid Corporate Branch, Hyderabad, Araku MP Kothapalli Geetha has stated that filing a chargesheet against her was an unlawful act and that she would take up an investigation and is currently considering her legal options.

The CBI has filed a chargesheet on P Ramakoteswara, the MP’s husband and managing director of Visweswara Infrastructure, and four other persons for allegedly cheating a bank to get a loan of Rs 25 crore in the year 2009.

According to investigation teams, the accused, along with some persons including bank officials created fake documents of a litigated property to avail a loan. Moreover, the accused allegedly diverted the loan amount for other purposes resulting in a loss of Rs 42.79 crore for the bank.

Admitting that the payment of loan has been delayed, Geetha denied all other allegations and said that the land which was shown during the loan belonged to them and they have sufficient documents to prove the same. She also said that the repayment has been delayed, as the company with whom the project was to be executed had backed off due to the Telangana agitations.

The MP also alleged that she has been included in the case for sensationalising it.

Geetha also said that she has not yet received any communication from the CBI and was not even aware that an investigation has been taken up. “Once I receive the chargesheet notice, I will proceed legally against the investigating agency,” she concluded.

More from Andhra Pradesh.


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