Police book TRS Rajya Sabha MP for ‘swindling’ education trust funds

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HYDERABAD/WARANGAL: A day after TRS MP Maloth Kavitha was convicted for bribing voters, the party suffered another jolt with one more sitting MP being booked by police for cheating and misappropriation of funds of Alluri Trust in Hanamkonda, Warangal.
Cases were booked against TRS general secretary and Rajya Sabha MP Banda Prakash, a resident of Warangal, on the charges of misappropriation of over Rs 12.2 lakh funds of Alluri Trust which runs the popular Alluri Institute of Management Sciences in Hanamkonda.
Though the cases were booked on July 23, the whole issue came to light on Sunday. A Police inspector said the complainant, J Bhaskar Reddy, alleged that Prakash was involved in misappropriation of funds in the institution with two chartered accountants. Bhaskar charged the TRS MP of having filed false income tax returns colluding with chartered accountants Attaluri Satyanarayana and Attaluri Vamseedhar in the year 2016-17 and 2017-18 and committing a fraud of Rs 12.2 lakhs.
Prakash, who is in Delhi to attend the monsoon session of the Parliament, told TOI over phone: “It’s a baseless allegation. The case was filed with ulterior motives. He (complainant Bhaskar) wants a position in the Trust. I was totally unaware that the case was filed in the court. Even the police did not inform me as courtesy that cases have been booked against me,” he said.
“I am the secretary of the Alluri Trust. The father of complainant Bhaskar was a member of the trust. We have genuine reasons to reject the demand of Bhaskar to be on the Trust,” he said.


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