It looks like some influential Telugu NRIs like Komati Jayaram are using the Telugu Association of North America (of which he was president in the past) for money laundering and siphoning of donations collected from the NRIs in the US.
Look at this photograph, which shows Jayaram and others presenting a cheque for Rs 2 crore to Andhra Pradesh chief minister N Chandrababu Naidu on behalf of TANA towards AP Chief Minister’s Relief Fund on December 24, 2014, for taking up relief works for Hudhud cyclone victims.
However, it was only a trophy cheque and not the real one that was presented to the chief minister. The money of Rs 2 crore collected from NRIs is lying in the TANA’s India accounts.
And recently, it came to know that Jayaram had drawn Rs 1 crore from this amount and added another Rs 75 lakh collected from the NRIs in the form of donations in his individual capacity for donating again to the AP government towards digital classroom project.
And Jayaram once again came to Andhra Pradesh to present yet another “trophy cheque” to Naidu for Rs 4.5 crore towards digital classroom project.
Even this amount has not been actually given to the government and what is worse, there is no explanation as to how Jayaram would mobilise the remaining amount of Rs 2.75 crore.
It was surprising as to how Jayaram had collected fresh donations from NRIs in his individual capacity and not on behalf of TANA for the digital classroom project.
Secondly, routing these individual collections to India through TANA amounts to money laundering, as no tax was paid on these collections.
Thirdly, drawing Rs 1 crore from the Hudhud collections of TANA account in India amounts to siphoning of donations.
Now the question is how are the collections made by Jayaram accounted for? Are they shown in TANA account books and audited? Since the donations to digital classroom project are not collected on behalf of TANA, how are they routed to India through TANA accounts?
Is Jayaram authorised to divert funds from Hudhud account towards digital classroom project? Did he really credit the amount to the AP government? Who is paying for his frequent trips to India and his stay in Andhra Pradesh?
Well, it is better someone gives answers to these questions.
