'Trial likely in KVP Ramachandra Rao case', says DGP
April 24, 2014 - Hyderabad
A mini trial of sort at the Central Bureau of Investigation court at Patiala House in the sensational titanium case involving Rajya Sabha member KVP Ramachandra Rao cannot be ruled out, said Director General of Police B Prasada Rao.
The DGP said that they have to yet to receive the letter purportedly written by the CBI. He said that KVP Ramachandra Rao would be produced at the CID court in Hyderabad initially if he was arrested. Later, the CBI would be informed of the arrest, he said. He said that the official might take him to Delhi and produce him before the Patiala House court. The American Consulate might then present documents indicating Ramachandra Rao's alleged role in bribing State and Central Government officials to allow an American firm undertake titanium mining in Andhra Pradesh. He added that Ramachandra Rao would be given an opportunity to defend himself in the court.
May get 20 years imprisonment, if allegations proved
The red-corner notice issued against KVP Ramachandra Rao said that he may get 20 years imprisonment if the allegations were proved. He was alleged with scam, money laundering, travelling abroad for cheating and assisting for conspiracy.
The Titanium project
The Titanium project proposal came to the YSR Government in April 2006. A memorandum of understanding was signed by Suren Gervogyan of OST-CHEM Group, Ukraine, on behalf of Bothli Trade AG of Switzerland and AP Mineral Development Corporation in the presence of YSR. Investments to the tune of Rs 4,000 crore were promised and lease of mines in about 83 sq km in Visakhapatnam, Viziangaram and Srikakulam districts were finalised.