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Andhra top cop denies son's ties with Krushi Bank

Syed Amin Jafri in Hyderabad

The Andhra Pradesh Director-General of Police H J Dora has said that his son had nothing to do with the scam-tainted Krushi Co-operative Urban Bank.

Reacting to reports in the media, the DGP told a news conference here that his son had worked for one of the companies floated by Krushi Bank ex-chairman K Venkateswara Rao for sometime last year.

"My son, who is a BA and MBA, was doing construction activity for some time. He did not like it. So, he wanted to work in computer field. He worked for about three months -- between February and April 2000-- in Halcyon Softech Limited, which was floated by Venkateswara Rao," the DGP clarified.

"He did not take any remuneration and left that firm since he did not want to continue there. Later, he was selected by GE Capital Services. He is working in GE and going to the United States often on work," he said

Apparently embarrassed by the media reports in this regard, the DGP said: "My son is in no way concerned with Krushi Bank. He did not commit any offence. Merely working in a company floated by a person for a few months much before this scam broke out is no offence."

He also refuted media reports that some politicians, particularly a ruling Telugu Desam MP, were exerting any pressure on the police to go soft on the Krushi Bank scam case.

"Absolutely, there is no truth in these reports. No one is trying to influence us. There is no political pressure whatsoever. We are working on this case very sincerely. We will make out a strong case (against the accused), though it will take a couple of months since voluminous documents are to be sifted. The culprits will be brought to book," he asserted.

The DGP also clarified that the Bhadrata funds (meant for police welfare) were non-government funds and they were contributed by policemen themselves. They were put in different banks, particularly the urban banks, which offered higher interest rates.

The Bhadrata funds, amounting to Rs 180 million, were put in leading co-operative banks such as Prudential and Vasavi Co-operative Bank and even in Shriram Chit Funds.

Small amounts ranging between Rs 500,000 and Rs one million or two million were put in short-term deposits in the co-operative banks.

About Rs 1 million was also kept in short-term deposit for one year in Krushi Bank and the amount was reclaimed on maturity. "There is no loss of Bhadrata money in Krushi scam," he pointed out.

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