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Non-bailable warrant against Union Minister YS Chowdary in loan default case

  •   Fri, Apr 08 2016 10:08:50 AM

Hyderabad, Apr 8 (India Today) : A local on Thursday issued a non-bailable warrant against Union Minister YS Chowdary after he 'failed' to appear before it in connection with a criminal complaint filed by Mauritius Commercial Bank Ltd.

The warrant against the Union Minister of State for Science and Technology was issued by XII Additional Chief Metropolitan Magistrate (Nampally, Hyderabad), after he failed to to remain present before the court on three successive occasions.

Mauritius Commercial Bank Ltd had filed a complaint, accusing Chowdary and others of "defaulting in repayment of loan of Rs 106 crore". The bank had submitted that it had lent Rs 100 crore to Heistia Holdings Ltd, a subsidiary of Sujana Universal Industries Ltd, and had secured a decree from a London court.

According to the counsel of the Bank, the company stood as guarantor for the loan availed for Heistia Holdings Ltd, which is its subsidiary and the company has to repay Rs 106 crore to it. Subsequently, the bank had filed several litigations against Sujana Universal Industries Ltd.
Chowdary is now a Non-Executive Director of Sujana Universal Industries Ltd.

Despite being summoned thrice, Chowdary failed to appear before the court

"We submitted before the court today that the minister was taking excuses and flouting the orders of the court on a regular basis. We also argued that this was a fit case for issuance of NBW as the accused was evading the process of the court and the court was pleased to issue non-bailable warrant against the minister," Sanjeev Kumar, Partner Luthra & Luthra Law Offices, a Delhi-based law firm that is representing the Mauritian Bank, said in a statement.

However, a statement issued by Chowdary said, "I have been just informed that a NBW has been issued against me by the Court of the XII Additional Chief Metropolitan Magistrate (Nampally, Hyderabad). Owing to pressing public duties in public interest, I was unable to appear on the previous dates. I have the highest regard for the judiciary and never had any intention to evade or avoid appearing in the court. The orders of the court will be complied with."

The matter has been posted for hearing on April 26.
  

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Comment on this article

  • Orton, Mangalore

    Fri, Apr 08 2016

    Why Union Ministers and MP's of NDA are not allowing to sleep Fekuji peacefully?

    DisAgree Agree [1] Reply Report Abuse

  • stan, dubai

    Fri, Apr 08 2016

    Unnecessary cutting tax payers... Leave him....If you punish him again in Jail they have to make VIP jail room with helpers etc. otherwise Chor Machaye shor... He will complain No VIP treatment is given in Jail.

    DisAgree Agree [6] Reply Report Abuse

  • Dr.S.Kamath, Mumbai

    Fri, Apr 08 2016

    In NDA one of the minister got NBW whereas Congee head itself is on bail in Very big money swindling case.

    DisAgree [16] Agree [2] Reply Report Abuse

  • Ravi C, mangalore

    Fri, Apr 08 2016

    Correct. Looks like both Congress and BJP taken oath to involve in at least fraud, scam, cheating etc.case... And we blindly support them based on party they belong to... We need to be wise in electing a minister, not a party

    DisAgree [2] Agree [6] Reply Report Abuse

  • Clifford, Mangalore

    Fri, Apr 08 2016

    Hello, this news is about corrupt and cheat central BJP minister. Can you not read and understand what is written here?

    DisAgree [1] Agree [3] Reply Report Abuse

  • Ashwin, SuratKal

    Fri, Apr 08 2016

    Dr. Kamath, give another 10 years to your beloved NDA ministers to remain in power and they will sell this country not just looting. it's a pity that Bhakths justifying the corruption comparing to Congress rule. Do you know why people voted congress out, so if you justify that congress was corrupt and so we, then why you need to be in the center?. At least during congress rule, we could eat whatever we want,could speak and mingle with anyone we like.

    DisAgree Agree [5] Reply Report Abuse

  • Ravi C, Mangalore

    Fri, Apr 08 2016

    Please do not introduce 0.5% loan defaulter relief tax.

    DisAgree [1] Agree [12] Reply Report Abuse

  • Ravi C, Mangalore

    Fri, Apr 08 2016

    Do not surprise if our govt chup chup ke settle this 106 crores of minister loan from tax payers money.

    DisAgree [1] Agree [13] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Apr 08 2016

    Telugu Desam is a Fraud Party ...

    DisAgree [2] Agree [14] Reply Report Abuse

  • Santan Mascarenhas, Kinnigoli/Mumbai

    Fri, Apr 08 2016

    "What can be added to the happiness of a man, who is in good health, out of debt and clear conscience" ? Asked Adam Smith.
    Jossey, may I add something, in addition to this, that increases happiness ?
    "A year's stock of Kaju stuff" that is with you.

    DisAgree Agree [4] Reply Report Abuse

  • Santan Mascarenhas, Kinnigoli/Mumbai

    Fri, Apr 08 2016

    Sorry Jossey
    My comment is out of context. The day you wrote, you have year's stock, I wrote the above comment which was not published. In my opinion, I wanted to show that you are one of the lucky guys, that is all.

    DisAgree Agree [6] Reply Report Abuse

  • Francis Lewis, Bangalore

    Fri, Apr 08 2016

    Mr. PM
    What answer to this article please

    DisAgree [1] Agree [14] Reply Report Abuse

  • ISMAIL K PERINJE, PERINJE

    Fri, Apr 08 2016

    There is no single union mister who have no allegations of crime.Swindling of public money by politicians is order of the day especially by BJP politicians...REDDY,GADKERI,DR Raman,CM son in PANAMA PAPER!!!!.....

    DisAgree [4] Agree [20] Reply Report Abuse

  • AMAR NATHAL, MANGALORE

    Fri, Apr 08 2016

    They are criminals, but the irony is that they are too busy criminalizing the political opponents just a cover up! Don't be surprised if we hear nonsense defense from Top Govt officials.

    DisAgree [2] Agree [18] Reply Report Abuse


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Title: Non-bailable warrant against Union Minister YS Chowdary in loan default case



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