Police seek freezing of APBOCWW Board's bank transactions

Hyderabad: A day after a case was registered against two officials of Andhra Pradesh Building and Other Construction Workers' Welfare Board for 'fraudulent' transfer of over Rs 600 crore meant for Telangana to the residual state of Andhra Pradesh, city police on Friday sought stoppage of transactions from the board's multiple bank accounts.

A letter has been written in this regard to the banks, seeking freezing on transactions from at least nine accounts, a police officer said.

Telangana labour commissioner A Ashok yesterday lodged a complaint alleging that APBOCWW Board secretary Murali Sagar and finance manager Rama Rao had transferred/diverted Rs 609 crore to Andhra Pradesh. The money was the share of Telangana, he said.

There was an understanding for apportioning of the funds of the Board prior to bifurcation of Andhra Pradesh. It seems the share of the funds which was supposed to be given to Telangana was transferred to Vijayawada (AP) by the two officials, Deputy Commissioner of police V B Kamalasan Reddy said on Thursday.

Police have registered a case of cheating, theft and criminal breach of trust under the Indian Penal Code.