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AP Fibernet Scam: DRI Slaps Huge Penalty on Pvt Firm for Tax Evasion

Vijayawada: Andhra Pradesh State Directorate of Revenue Intelligence (APSDRI) has imposed a penalty of Rs 34.01 crore on M/s Fastlane Information Technologies Private Ltd for evading tax as part of ongoing investigation into the AP Fibernet scam case.  The previous TDP regime had allegedly manipulated the tender process to award the Fibernet project worth Rs 330 crore to

AP Fibernet Scam: Vijayawada ACB Court Nod for Attaching Assets of CBN Associates

Vijayawada: In a significant move, Vijayawada Anti-Corruption Court (ACB Court) on Tuesday ordered the AP Crime Investigation Department (APCID) to go ahead with the attachment of immovable properties of the accused persons in the AP Fibernet scam which has caused a loss of Rs 114 crore to the state exchequer.  The CID had filed a petition in the ACB court seeking its

Fibernet Scam Case: CID Seeks Attachment of Assets

Vijayawada: Andhra Pradesh Criminal Investigation Department (APCID) has filed a fresh petition in the ACB court here on Monday seeking its permission to attach the immovable properties of the accused persons in the AP Fibernet scam which has caused a loss of Rs 114 crore to the state exchequer.  The alleged financial irregularities in the AP Fibernet project took place during

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