Hyderabad, Jan 31 (NationPress) The Enforcement Directorate (ED) has submitted a supplementary chargesheet at a Special PMLA Court in Visakhapatnam concerning allegations of fraud and the misappropriation of funds amounting to crores of rupees that were allocated by the Andhra Pradesh government for a skill development initiative involving a private entity, as stated by an official on Saturday.

The ED, operating from its Hyderabad Zonal Office, lodged a Supplementary Prosecution Complaint against Vikas Khanvelkar, Suman Bose, Mukul Chandra Agarwal, Suresh Goyal, and other involved parties.

Included in the chargesheet is the company Designtech Systems Private Limited (DTSPL). The total value of properties attached in relation to this case currently stands at Rs 54.74 crore, according to the ED.

The Special Court in Visakhapatnam acknowledged the supplementary chargesheet on January 28, as noted in an ED announcement.

This investigation was sparked by an FIR filed by the Andhra Pradesh CID regarding the APSSDC Siemens Project against DTSPL and others, focusing on the deceit perpetrated against the Andhra Pradesh government.

The individuals accused are alleged to have rerouted funds that were meant for the state government for other unauthorized uses. The original intention of the project was to foster skill development and entrepreneurship.

Insights from the ED's investigation uncovered that Khanvelkar, who serves as the Managing Director of DTSPL, along with Soumyadri Sekhar Bose (former Managing Director of Siemens Industry Software India) and their associates, Agarwal and Suresh Goyal, misappropriated state funds utilizing the assistance of shell or inactive companies.

The diversion of funds was executed through complex transactions involving fraudulent invoices under the guise of supplying materials and services. The ED reported that commissions were paid to entry providers who facilitated these fund diversions.

During the investigation, the ED arrested Khanvelkar, Bose, Agarwal, and Goyal on March 4, 2023, as per the statement.

In April 2023, fixed deposits totaling Rs 31.20 crore in the name of DTSPL were seized by the ED. Following this, a chargesheet was presented to the Special Court in Visakhapatnam, which acknowledged it in May 2023.

Further inquiry by the ED led to the discovery of additional proceeds of crime associated with other individuals involved in the case, including entry providers. Consequently, assets valued at an additional Rs 23.54 crore in the form of bank balances, shares, and real estate in Delhi NCR, Mumbai, and Pune were also seized, bringing the total attachment to Rs 54.74 crore.

Based on the ongoing investigation, the supplementary chargesheet was submitted to the Special PMLA Court in Visakhapatnam on Wednesday.