TRS general secretary and Rajya Sabha MP Banda Prakash
HYDERABAD: A day after Telangana Rashtra Samithi (TRS) Lok Sabha MP Malothu Kavitha was convicted for bribing voters, the ruling party suffered another jolt on Sunday, with one more sitting MP being booked by police for ‘cheating and misappropriation’ of funds of Alluri Trust in Hanamkonda, Warangal.
Cases were booked against TRS general secretary and Rajya Sabha MP Banda Prakash, a resident of Warangal, on charges of misappropriation of Rs 12.22 lakh funds of Alluri Trust, which runs Alluri Institute of Management Science (AIMS) in Hanamkonda. The institute is presently offering MBA and over 200 students are enrolled in the course.
The cases were booked under relevant sections of IPC and CrPC against Prakash and two chartered accountants — Attaluri Satyanarayana and Attaluri Vamseedhar — on the directions of the court of VI additional judicial first-class magistrate at Warangal.
Though the cases were booked on July 23, the whole issue came to light on Sunday.
Police inspector Raghavender said complainant J Bhaskar Reddy has alleged that Prakash, who is the secretary of the Alluri Trust and correspondent of AIMS, was involved in misappropriation of funds in the institution along with the two chartered accountants.
In his complaint, Bhaskar said Prakash had filed false income tax returns in collusion with the chartered accountants in 2016-17 and 2017-18 and committed a fraud of Rs 12,21,912, and misappropriated the funds. After Bhaskar approached VI additional judicial first-class magistrate court for justice, the court ordered police to register cases against Prakash and the other two.
“We have registered cases under Section 409 (Criminal Breach of Trust), Section 417 (cheating) and Section 120b (a party to a criminal conspiracy to commit an offence). We are investigating the cases, based on which action against the TRS MP and two others would be taken,” inspector Raghavender said.
Banda Prakash who is in Delhi to attend the monsoon session of the Parliament, told TOI over phone: “It’s a baseless allegation. The case was filed with ulterior motives. He (complainant Bhaskar) wants a position in the Trust. I have not even received any notice. I was totally unaware that the case was filed in the court. Even the police did not inform me as courtesy, that cases have been booked against me. My lawyer will file a counter soon.”
Banda Prakash is also the president of Telangana Mudiraj Sangham and TRS incharge for Mahbubnagar parliamentary constituency. “I am the secretary of the Alluri Trust. The father of the complainant Bhaskar Reddy was a member of the trust. We have genuine reasons to reject the demand of Bhaskar to be on the Trust,” he said.