Prabhakar Rao, son of former Prime Minister P V Narasimha Rao, has been served a notice by the Enforcement Directorate (ED) in the urea scam.
Sources said fresh evidence corroborate recent findings of the ED sleuths. This includes evidence on the foreign equity of a joint venture Indian firm. The sleuths have also managed to pinpoint the person who is alleged to have paid the money to Rao in cash.
Since all the major accused, including the son of a former official of the Prime Minister's office, have been arrested, there is speculation that Prabhakar Rao will meet the same fate. The arrested include Sanjeeva Rao, another relative of Narasimha Rao, Sambasiva Rao, the Indian agent of Turkish firm Karsan Ltd and Prakash Chandra, son of former fertiliser minister Ram Lakhan Singh Yadav.
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Two weeks ago, ED sleuths raided the Mumbai office of an Australian firm, Chemet Systems Ltd, alongwith the residence of its director Rajiv Shah in connection with the Rs 133 crore NFL-urea scam. ED sleuths sleuths now have evidence that the money allegedly received as kickbacks by the Dubai-based Edible Foodstuff Ltd and later transferred to its promoter Vasudev Paryani, was transferred to a Hyderbad-based company in the form of equity participation of the Australian company.
Prior to their raids in Mumbai, ED sleuths had already carried out raids at the office of the Hyderabad-based company Key Quinon Organics India Ltd and the residences of its working directors Satish Aggarwal and Anil Aggarwal.
Rajiv Shah in his statement to the ED sleuths has confirmed that the remittance of over $ 300,000 had been arranged by Aggarwals himself and not by the Australian company.