The Central Bureau of Investigation has registered a case U/s 120-B r/w 420, 468 & 471-A of IPC and Section 13(2) r/w 13(1)(d) of PC Act, 1988 against unknown officials of Cotton Corporation of India Ltd, Warangal (Telangana); unknown officials of Agriculture Market Committee, Warangal and unknown commission agents of Warangal & Karimnagar Districts, on the orders of the Hon’ble High Court of Telangana and Andhra Pradesh. It was alleged that several irregularities took place in the implementation of Government scheme “Minimum Support Price” (MSP) during the period 2004-07 in Cotton Corporation of India in Warangal and Karimnagar Districts.
In this case, searches are being conducted today at 20 different places in Hyderabad, Warangal, Karimnagar, Guntur, Mumbai and Nagpur. So far, during the searches at the residence of the then Cotton Purchase Officer, Cotton Corporation of India Ltd, Warangal resulted in the recovery of Rs. 30 lakhs (approx) cash; 3 kgs (approx) of Gold biscuits and about 30 kgs (approx) of silver biscuits apart from huge land/ property documents and other incriminating documents. Further huge investments from other places in the name of other officers of Cotton Corporation of India are also under examination.
