The APNRTS (Andhra Pradesh Non-Resident Telugu Society) was established as a noble organization to safeguard the interests of NRIs (Non-Resident Indians). However, during the ruling of the YSR Congress Party (YSRCP), allegations have surfaced questioning whether it has been misused as a tool for money laundering and fund mismanagement.
Key players in this controversial scheme appear to include YS Jagan Mohan Reddy close aide Dr. Pradeep Chinta and a network of individuals closely connected to him. Below is an in-depth look at the allegations and how the funds were allegedly routed through shell companies and personal accounts.
The Money Trail: Alleged Connections Between Companies
1. Confidential Care Ltd.
• Registered as a dental services company.
• Of the three directors, two are IT professionals with no clear link to dentistry.
• This raises suspicions that the firm exists only on paper, potentially serving as a vehicle for fund layering and routing.
2. Residential Address Links
• The residence of one director, Kamath, matches the dental office address.
• Allegedly, the same address is used by Jayeeta Banerjee, another individual associated with these companies.
• Question raises how two families and two businesses operate from a small residence.
3. OSM Groups
• Marketed as a real estate and investment firm.
• Its share value is reportedly so low that it raises doubts about its true purpose.
• Allegations suggest it may serve only as a tool for routing funds.
A couple, has reportedly played a significant role in coordinating these transactions. Their involvement is alleged to directly benefit Dr. Chinta through fund layering and rerouting.But Post-election, the couple is said to have liquidated their firm, Om Sri Meenakshi Investments, further raising red flags.The routing of funds allegedly involves connections to Avigna and other shadow entities, with benefits flowing to Chinta.
Dr. Chinta’s dental firm, ARC Smile, reportedly operates at a significant loss, with financial statements showing a deficit of £40,000.Despite this, he is alleged to have purchased a stake in Family Dental Care East Lothian Ltd in September 2024.The acquisition raises questions about the source of funding, with critics alleging it comes from diverted APNRTS funds.
The allegations point to Dr. Chinta as the primary beneficiary of these suspicious financial activities. Critics claim, Money laundering schemes have been used to fund his ventures and personal lifestyle.
Some funds have allegedly been funneled to YSRCP Europe for undisclosed purposes.
Andhra Pradesh government is urged to investigate whether public funds meant for APNRTS were siphoned off and routed for personal gain. If these allegations hold true, this would represent a severe misuse of public resources.
-Sanyogita
