The Andhra Pradesh High Court has directed the state police to take action in accordance with law if evidence is found against Telugu Desam Party MLA and Assembly Deputy Speaker Raghu Ramakrishna Raju in connection with alleged threats to Agatha Energy and Infrastructure chairman and director Madala Srinivas.
The case relates to the insolvency and subsequent sale of Ind-Bharat Power Gencom Limited, a company that was earlier under the control of members of RRR’s family.
Following the company’s insolvency, the National Company Law Tribunal (NCLT) conducted an auction process through which Agatha Energy and Infrastructure reportedly acquired the company for Rs 101.42 crore.
According to the petitioner, under the applicable insolvency process, the new management is entitled to pursue recovery of amounts due from the former promoters.
Madala Srinivas alleged that attempts were subsequently made to prevent the new management from recovering the dues and obtaining the old company records.
He alleged that RRR had sent his associates to threaten him and that the individuals entered his residence in Guntur without authorisation and attempted to kidnap him.
The petitioner further alleged that he was threatened over the company records and recovery proceedings linked to the company acquired through the insolvency process.
Srinivas said he approached the police over the alleged threats but claimed that they were unwilling to register a case against RRR. He subsequently moved the High Court seeking judicial intervention.
After hearing the petition, the High Court directed the police to proceed in accordance with law and register a case against RRR if evidence supporting the allegations is found.
The court observed that it is the responsibility of the police to register a case if sufficient material exists to disclose a cognisable offence.
The High Court also directed the police to submit complete details regarding the matter and adjourned the hearing for four weeks.
In his petition, Srinivas also expressed apprehension about a threat to his life from RRR and sought 2+2 police security. The High Court is expected to consider the security request at the next hearing.
