Exchange Filings

Cressanda: The Return of Bose

Cressanda Solutions Ltd released an interesting exchange release.

The last we had heard of Mr. Bose was due to all the wrong reasons.

The Special ACB court on Tuesday heard the custody petition filed by the AP CID in the Andhra Pradesh State Skill Development Corporation (APSSDC) scam, in which Rs 241 crore meant for setting up skill development centres for unemployed youth was allegedly siphoned off. The court will pronounce its order on Wednesday. 

In its plea, the CID sought custody of  Dr. K Lakshminarayana (A2), former director of APSSDC; Shirish Chandrakant Shah of Allied Computers International (A5); Soumadryi Sekhar Bose (A6), former managing director of SIEMENS Industry Software (India) Pvt Ltd; Vikas Vinayak Khanvelkar (A8), chairman and MD of DesignTech Systems Pvt Ltd and Mukul Agarwal, chief operating officer of Skiller Enterprises India Pvt Ltd (A10).

So far, the CID arrested Ghanta Subba Rao (A1), Soumyadri Sekhar Bose (A6), Vikas Vinayak Khanvelkar (A8), Shirish Chandrakant Shah (A5) and Mukul Agarwal (A10)  and produced them before the ACB Special Court magistrate, who sent them to judicial remand till December 24.– From Indian Express

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