Bhanu, Suri made Rs 200cr in Handri-Neeva project

Apr 23, 2012 - U. SUDHAKAR REDDY |

Hyderabad

Tags:

While interrogating gangster M. Bhanu Kiran, arrested on Saturday, the Crime Investigation Department (CID) claims to have found that Bhanu and his boss whom he killed in January last year, Anantapur faction leader Maddalacheruvu Suri, had made Rs 200 crore in the Handri-Neeva irrigation project by taking contracts and sub-contracts in benami or surrogate names.

Bhanu and Suri invested the money they earned through extortions, in the irrigation project in Anantapur district and made a killing. “Suri and Bhanu diversified their activities. They made around Rs 200 crore in this project. We have to ascertain more facts about this after taking Bhanu into police custody,” said a CID investigator.

Bhanu had been on the run for over a year before he was arrested. The CID found that he had a network of contacts in places like Gurgaon in Haryana and in Uttar Pradesh where he took refuge. “Apart from Rs 4 lakh that he had stocked up before he killed Suri, Bhanu also borrowed huge amounts of money from his contacts in north India and Bengaluru,” a police official said.

Post new comment

<form action="/comment/reply/145237" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd></li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-7b9fdfafbead4684a5ddafb068947096" value="form-7b9fdfafbead4684a5ddafb068947096" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="87622908" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>