CBI has arrested business tycon Nimmagadda Prasad who is also known as Matrix Prasad today evening. Cases has been filed against him under sections 120b IPC sections 409, 420, 477a who is the 12th accused in Jagan’s ilegal assets case.
Earlier CBI has searched his house at Sainikpuri for documents. The CBI has put its scanner on VANPIC project wherein huge tracts of land were handed over to private developer who had collaboration of UAE billionaire company – RAS.
Nimmagadda Prasad, the man behind the idea of Vadarevu and Nizampatnam Port & Industrial Corridor (Vanpic) was questioned again by CBI officials for several hours .He was called and questioned by officials at the CBI’s temporary office at Dilkusha guesthouse.
Huge extents of land was acquired and transferred for this project in both Prakasam and Guntur districts. Several irregularities had allegedly taken place in the transfer of the land and the CBI has been summoning several revenue officials to ascertain facts in this regard.