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Andhra vijay mallya


Sarumankabap

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1/10: Most Indians know about Vijay Mallya. But do you know who Andhra Mallya is? Sujana Choudhury is an MP and represents BJP. He was elected from TDP in AP but switched sides. Sujana owned three companies, all listed on BSE/NSE but delisted now under NCLT orders.
2/10: Sujana Metal: The Rs.10 share was last traded at Rs.0.45. The sales fell from Rs.1541 Crores in 2017 to Rs.16 crores in 2021. Total borrowings were Rs.2430 crores. Losses of 2010 crores in 2017 & 2018. Bank defaulter. Sujana Metals changed its name to Splendid Metals.
3/10: Sujana Towers: It's Ra.10 share was last traded at Rs.0.65. It has a market cap of 12 crores and stopped trading. Borrowings of Rs.2610 crores and Accumulated losses 965 crores. It is a bank defaulter and changed its name to Neueon Towers.
4/10: Sujana Universal: The share price was last traded at Rs.0.30. It's Marketcap is 4.22 crores
while it's Current Liabilities are Rs.2476 Crores. Borrowings are close to 1500 crores. It is a bank defaulter. Its shares are no longer trading.
5/10: The whitewashing of money trail continues. YS Consultancy Services, Sujana Transmissions, Sujana Ports, Esteem Hotels — were all struck off from the RoC. Sujana Chowdhury was a director in all these companies.
6/10: In 2017, the ED started investigating GDR issue of Rs.1500 crores raised by Sujana Group through Luxemburg route. Shell company of Sujana Group in British Virgin Islands bought the GDRs issued by Sujana group from a Portugal bank.
7/10: In Nov 2018(before the general elections in May 2019), the ED alleged a Rs 5,700 crore bank loan frauds by 120 companies controlled by Sujana Chowdary. They found rubber stamps of 128 companies at a single premises in the raids.
8/10: In April 2019, CBI registered 3 FIRs against Sujana group companies on complaints by 3 banks that lost Rs 364 crore. The allegation was that the company submitted fake bills to avail loans. ED also Attached 315 crores property linked to Sujana under PMLA.
9/10: In May 2019, BJP romped back to power. In June 2019, Sujana decided to do what Vijay Mallya didn't - He ditched TDP and joined BJP alongwith 2 other TDP MP's. The MPs were on ED radar, facing CBI cases and are bank defaulters or facing income tax investigation.
10/10: Three years into CBI/ED raids, there is silence. Shareholders lost. Banks lost. Income Tax lost. Mallya offered to pay 14000 crores. This MP changed names and disowned the companies which owe 7500 crores. Sujana is worse than Mallya. He represents BJP and a patriot.
 
Source : M Peri via Twitter
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