JD Lakshminarayana interview on Skill development scam

Before delving deeper, investigation agencies like the CBI and Enforcement Directorate will assess the type and proceeds of crime, according to former CBI Joint Director VV Lakshminarayana. The former IPS officer expressed his opinions on the latest skill development frauds in AP and other states in an interview. He said at the very outset, CB-CID officials will see whether there was any alleged money laundering by any companies associated with skill development centres.

The former CBI Joint Director gave some examples while stating that the investigating agencies would check to determine if the companies' profits came from using any dubious methods or in violation of the laws prohibiting money laundering. According to the former retired CBI JD, CBI and ED have different operating processes. He claimed that these organisations would examine how scam-generated funds were invested in and transferred. ED will examine these, according to VV Lakshminarayana.

The court will provide a decision based on the information provided by the police, he said. When corruption is apparent in the cases, the ED will use its authority, according to JD Lakshminarayana. The culprit will be punished under the laws of both the ED and the CBI because the two agencies have different sections, he said.