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Hyderabad businessman Satish Babu arrested in money laundering case, CBI had given a bribe to bribe


  • Former CBI Director Rakesh Asthana had filed corruption cases against businessman Babu
  • Satish Babu accuses government officials of corruption of corruption
  • ED to demand Babu’s custody for special court

NewDaily ED has arrested Hyderabad businessman Satish Babu on Friday for money laundering case. Actually, the contact between the idi babu and the disputed meat exporter Moin Qureshi has been unfolding. According to an official, Babu will be presented in a special court on Saturday. During this, demand for extension of his custody will be sought.

According to the report, Rakesh Asthana, the former Special Director of CBI, had filed a charges of corruption against Babu. There was a dispute between the number one between Ashok Verma, who was Asthana and the CBI director at that time. ED filed a case against Quraishi in anti-money laundering law in 2017. He is accused of doing corruption in collaboration with government officials.

2 crore rupees to prevent arrest: Babu

The CBI had issued summons to Satish Babu on October 12, 2017, October 23, November 1 and December 30. Subsequently, Babu said that an agreement was reached between him and the CBI officer under which Rs 5 crore was given to avoid the inquiry.

Former Special Director Asthana had charged the director

According to the allegations, on December 10 and 13, Rs.3 crore was paid. Pressure was being made for the remaining Rs 2 crore. Asthana had accused the then CBI Director Alok Verma for bribeing of Rs 2 crore from bribery and the relief was given to the arrest.

CBI is still investigating against Rakesh Asthana. According to sources, after the arrest of Satish Babu, many issues will be detected in the ongoing investigation against Rakesh Asthana.

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