Sujana Group: the Singaporean link of the Sujana group, the obscure company of an ex-politician, and “investments” worth several million dollars

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CBI raided the Sujana Group office of TDP MP Rajya Sabha Sujana Chowdary in Nagarjuna Hills in Hyderabad on June 1, 2019.

Synopsis

A Singapore-based company linked to one of the so-called offshore shell companies investigated by ED and CBI as part of the Sujana group investigation has “invested” more than INR 10 crore in an unlisted company including the director is Parakala Prabhakar – another member of YS Chowdary’s party while they were at Telugu Desam Party.

In a previous story, we looked at how the Hyderabad-based Sujana Group, with exposure in industries ranging from steel to electrical appliances and energy to telecommunications infrastructure, found itself in the middle of the scam. Global Certificate of Deposit (GDR). the group – one of the largest bank debtors in India – is also under investigation by the Enforcement Branch (ED) and the Central Bureau of Investigation (CBI) for

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