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In a 13-page word, the FMO refuted former Finance Minister Yanamala Ramakrishnudu’s cost on the difficulty and stated there was no fraud, as no money transaction befell. The FMO, nonetheless, remained silent on the objections by the Comptroller and Auditor Normal (CAG) on the difficulty by saying the Finance Secretary wrote an explanatory letter to the CAG.
The FMO blamed all of it on the great monetary administration system (CFMS) put in place by the earlier TDP (Telugu Desam Social gathering) authorities. “The CFMS has not been systemized. Therefore, e-book changes had been proven as particular payments,” it stated. Additionally, the FMO evaded any reference to the observations of CAG on the monetary mismanagement by the Jagan Mohan Reddy authorities and spending of public cash to the tune of Rs 1.10 lakh crore in gross violation of the constitutional provisions.
Referring to the experiences of CAG on the accounts offered to the Legislature on March 25, Yanamala requested, “Into whose pockets has Rs 48,284 crore gone.” Yanamala, who’s the Chief of Opposition within the Legislative Council, demanded an investigation by the CBI into the misappropriation of Rs 48,284 crore.
The FMO stated it was solely a e-book adjustment transaction in direction of the top of the monetary yr, which was the follow. This existed even in 2018-19 when Yanamala was the Finance Minister, it added. In 2020-21, there was a shortfall of Rs 29,946 crore in income but Rs 65,447 crore was disbursed to individuals below freebie schemes. “Our authorities targeted extra on handholding the poor through the Covid-19 disaster than spend cash on infrastructural improvement. The TDP has no proper to speak on welfare,” the FMO stated.
On Saturday, the TDP requested the Centre to invoke Article 360 of the Structure and clamp monetary emergency in Andhra Pradesh to guard it from the alleged gross mismanagement by the YS Jagan Mohan Reddy regime.
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