Sujana Chowdary awaiting legal cell advice on NBW
Union Minister Sujana Chowdary on Friday clarified that his legal cell was going into the matter of the non-bailable warrant issued against him in connection with the case filed by Mauritius Bank.
His company, Sujana Universal Industries Ltd, had stood guarantee for Rs 100-crore loan to Hestia Holdings, a subsidiary of the Sujana Industries Ltd, which had defaulted.
Sujana admitted that he was under pressure, considering the position he was holding in the Union Ministry as Minister for Science and Technology. This did not however mean anything. He had less than 1% share in Hestia, in which he was not even a director. So he had nothing to worry.
He hoped the court would go into the merits of the case, and then decide on his appearance. Apparently, that is going to be what the legal advice is going to decide, that is to appeal to the court to study the merits of the case and then decide on his appearance.
Sujana said his appearance depended on the presssing nature of his work at the Centre.
The Minister clarified that there was a distinction between default, as was alleged by Mauritius Bank, and fraud and NPA (non-performing asset). Since it was not directly his business but Hestia's, he was not in the picture. It was for the Nampalli court to see the merits of the case.
Sujana said he might have gone to the courts 20 to 30 times in his business career. This would not be the first time for him. He would do what the legal cell would decide.
Why had not his legal cell present his case properly before? And why should the court see merits now?
In a wide-ranging press meet in Hyderabad, Sujana clarified many matters, saying the media knew more than him in the matter. At the same time, he said as far as the party was concerned, what the leadership decided would matter to him.