On Tuesday, the andhra pradesh police's Crime Investigation Department (CID) conducted inspections at the NSPIRA, a group connected to the kin of Ponguru Narayana, the founder of the Narayna network of educational institutions and a former minister of the telugu Desam Party. In response to claims that Narayana had used this money to pay for fraudulently issued lands in amaravati in the names of benami, CID agents searched the area.
It stated that P Narayana's daughter and son-in-law served as the directors of NSPIRA Management services Private Limited after its incorporation (Ponguru Sindhura and Puneeth Kothapa). The majority of the infrastructure, labour, and other necessities for all the schools and colleges in the Narayana group are paid for through NSPIRA management services, which also receives commissions on these transactions. All of the financial operations of the entities affiliated with the Narayana group are conducted from the office of this company, which is located in Madhapur, Hyderabad.
On Tuesday, CID detectives began searching the NSPIRA management services' offices. The searches are still ongoing, but it has been credibly reported that important details about the money trail for the unlawful and benami purchases of lands in the amaravati region have been discovered. According to the CID, there are claims that Narayana and his family members bought allocated properties totaling over 1400 acres in the capital city of amaravati for Rs 5,600 crore by intimidating the SCs, STs, and BCs.
It stated that P Narayana's daughter and son-in-law served as the directors of NSPIRA Management services Private Limited after its incorporation (Ponguru Sindhura and Puneeth Kothapa). The majority of the infrastructure, labour, and other necessities for all the schools and colleges in the Narayana group are paid for through NSPIRA management services, which also receives commissions on these transactions. All of the financial operations of the entities affiliated with the Narayana group are conducted from the office of this company, which is located in Madhapur, Hyderabad.
On Tuesday, CID detectives began searching the NSPIRA management services' offices. The searches are still ongoing, but it has been credibly reported that important details about the money trail for the unlawful and benami purchases of lands in the amaravati region have been discovered. According to the CID, there are claims that Narayana and his family members bought allocated properties totaling over 1400 acres in the capital city of amaravati for Rs 5,600 crore by intimidating the SCs, STs, and BCs.
