Telugu Desam Party chief Chandrababu Naidu has been arrested in a case of alleged corruption.
The former chief minister was arrested by the CID around 6:00 am from RK Function Hall at Gnanapuram in Nandyala town, an official said.
"It is to inform you that you have been arrested...at 6 am at RK Function Hall, Gnanapuram, H/o Moolasagaram, Nandyala town and it is a non-bailable offence," M Dhanunjayudu, deputy superintendent of policy of CID's Economic Offences Wing, said in a notice served to Naidu.
The former Andhra Pradesh chief minister has been arrested under relevant IPC sections, including Sections 120B (criminal conspiracy), 420 (cheating and dishonestly inducing delivery of property) and 465 (forgery), according to the notice. The Andhra Pradesh CID has also invoked the Prevention of Corruption Act against him.
The notice was served under CrPC Section 50 (1) (2).
TDP chief N Chadrababu Naidu was arrested in connection with an alleged Rs 550 crore fraud case involving siphoning off funds from Skill Development Corporation, AP CID Chief N Sanjay said on Saturday.
Addressing reporters after Naidu's arrest, the police official said the investigation implicated Naidu and TDP as beneficiaries of misappropriation of funds.
“The principal conspirator behind the entire scheme and who orchestrated the transfer of the public funds from government to private entities via shell companies has taken place with the act of leadership of Shri Nara Chandrababu Naidu,” he said.
He possesses the exclusive knowledge of transactions leading to the issuing of government orders and MoUs from time to time which makes him the central figure of the investigation, he added.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
