India News | Telangana HC Quashes ED Proceedings Against Mantena Group Promoter

Hyderabad, Aug 22 (PTI) The Telangana High Court has quashed the Enforcement Directorate's ECIR proceedings against MS Raju of Mantena group in the alleged e-tender tampering fraud in Madhya Pradesh.

Based on Raju's petition, Justice M Laxman in his order on August 8 said continuation of Enforcement Case Information Report (ECIR) against the petitioner "amounts to abuse of process of law which cannot be allowed" and quashed the ECIR proceedings.

Also Read | Bharat NCAP Crash Test to Come into Effect on October 1, 2023; Here's All You Need to Know About the New Programme.

The ECIR was registered on the basis of registration of an April, 2019 FIR filed by the Madhya Pradesh police economic offences wing (EOW) where Max Mantena Micro JV Hyderabad, among others named as the "main" beneficiaries of the alleged scam.

According to the Enforcement Directorate there was unauthorised access to the e-tenders issued on Madhya Pradesh e-Procurement Portal.

Also Read | Total Banking Transactions at GIFT IFSC Reach USD 508 Billion by July 2023.

Raju, who was accused in the money laundering investigation into the e-tender “scam” in Madhya Pradesh was arrested in 2021 and later he was released on bail.

"In this case, large number of infrastructure companies, mostly based in Hyderabad, conspired with few senior government officials and IT service providers of MPSEDC (Madhya Pradesh State Electronics Development Corporation Ltd) to tamper e-tenders and to illegally obtain large value contracts," the ED had then claimed.

"Max Mantena JV Hyderabad had illegally won the tender no 10030 worth Rs 1,030 crore in this fashion," it had alleged.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)