Saturday, May 30th, 2020

CBI registers three separate cases against branch manager of cotton corporation of india and others for causing alleged loss to CCI

cbi logo invc newsINVC NEWS New Delhi, The Central Bureau of Investigation has registered three separate cases against certain Officials of Cotton Corporation of India (CCI) including then Branch Manager, Guntur; then Cotton Purchaser & Centre In-charge Guntur, Krosur Kuknuru, Nandigama, Pedanandipadu, Mylavarama Centres and other Officials of Agricultural Marketing Committees Guntur, Krosur, Chintalpudi, West Godavari District, Kuknuru, Nandigama, Pedanandipadu including then Supervisor & Centre Incharge, Mylavaram. It was alleged that the accused persons procured 11,75,243 Quintals; 9,07,551.23 Quintals and 3,13,402.71 Quintals of Cotton Kapas on different occasions from middlemen instead of Cotton Growers/Farmers at notified marketing yards of Agricultural Marketing Committees (AMC) under Minimum Support Price operations during the crop season 2014-15 and gave false consolidated certificates to the effect that the Cotton Kappas were purchased from bonafide farmers at the Marketing Yards of their respective AMCs. The Branch Manager, Cotton Corporation of India, Guntur, dishonestly released payment to the middlemen, based on the forged/false documents. A huge loss was caused to Cotton Corporation of India. Searches were conducted at the residential & office premises of the accused persons at 18 places including Guntur, Krishna, West Godavari & Prakasam Districts (Andhra Pradesh) and also in Tamil Nadu which led to recovery of several incriminating documents.

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