CBI trails woman for `16cr IT fraud

Central Bureau of Investigation (CBI) sleuths in Chennai are on the lookout for a woman director of an information technology firm in connection with a `16-crore cheating case in Hyderabad.
“We are on the lookout for Sreedevi Chanakya, wife of K. Vijay Kumar Chanakya, son of a retired IAS official, who was on the board of Digital PC Technologies based in Hyderabad,” said a senior CBI official in Chennai on Sunday.
On Saturday, the CBI arrested Vijay Kumar Chanakya, the chairman and managing director of Digital PC Technologies, and A.V.V.S. Murthy, the general manager marketing and finance, as well as Kishore Babu, a former business development manager of SBI Global Factor Ltd. The executives of the firm, with the help of Kishore Babu, had availed a loan of `16 crores from SBI Global Factor using forged documents and did not return the money. “Kishore Babu was aware that the firm had submitted fake papers, but he sanctioned the loan,” the CBI said here. Sources said prime accused Vijay Kumar Chanakya had links with a top police official in Andhra Pradesh and lived in style at a plush rented house at MLA Colony in Banjara Hills.

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Ex-gujarat dgp says cop inaction led to massacre
Thrissur, Sept. 2: Hailing the special court verdict in the Naroda Patiya massacre case, former Gujarat DGP Jatavedan Namboodiri on Sunday said it would have been better if “police action” on the matter had also been investigated.
“The police had ample time to intervene in the brutal murder of 97 members of the minority community, especially women and children...,” he said.
“Still, the police did nothing... If the police had discharged its duties punctually, no untoward incident would have occurred in Naroda-Patiya,” he said, adding, it would have been better if the “police inaction” had also been investigated. Mr Namboodiri said he was in Gujarat at the time of the riots in 2002 associated with the activities of the Human Rights Commission, after retiring from the post of director general of police.
Four-thousand cases had been registered in connection with the Gujarat riots, he said. A special court had on August 31 sentenced BJP MLA Maya Kodnan to 28 years imprisonment in the Naroda Patiya massacre. — PTI

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