Veteran actor Kota Srinivasa Rao dies at 83
Hyderabad (PTI): Veteran Telugu actor and former BJP MLA Kota Srinivasa Rao, known for his highly acclaimed performances, passed away here due to old age-related ailments on Sunday. He was 83.
Rao, who had been unwell for several years now, breathed his last in the early hours of Sunday at his residence here, film industry sources said.
Srinivasa Rao has acted in 750 films in a career spanning more than four decades.
He debuted in the 1978 film 'Pranam Khareedu', which also marked the debut of superstar Chiranjeevi.
Some of his most acclaimed works include 'Pratighatana', 'Satruvu', 'Ahana Pellanta', 'Hello Brother', 'Money', director Ram Gopal Varma's 'Siva' and 'Gaayam' were some of the films which brought immense fame to Srinivasa Rao.
A recipient of Padma Shri, Srinivasa Rao had served as a BJP MLA from Vijayawada East assembly constituency in Andhra Pradesh from 1999 to 2004.
Telangana Chief Minister A Revanth Reddy, his Andhra Pradesh counterpart N Chandrababu Naidu, Union Coal and Mines Minister G Kishan Reddy, actor-turned-politician and Andhra Deputy CM Pawan Kalyan and several other leaders condoled the demise of Srinivasa Rao.
Former Vice President M Venkaiah Naidu, Telangana BJP president N Ramchander Rao, his Andhra counterpart PVN Madhav visited Srinivasa Rao's residence here and paid homage.
Chiranjeevi, junior NTR, leading producer D Suresh Babu, veteran actor Murali Mohan and several other film personalities also condoled the death of Srinivasa Rao.
Popular actor Sivaji Raja, a close friend of Srinivasa Rao, told PTI that the family members would decide on when to conduct the funeral after Srinivasa Rao's younger brother and actor Kota Sankar Rao reaches Hyderabad.
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ED arrests Sandeepa Virk, 'cosmetologist' for alleged money laundering
New Delhi, Aug 13 (PTI): The Enforcement Directorate said on Wednesday it has arrested a woman, who claims to be an actor and a cosmetologist, under the anti-money laundering law in a case of alleged fraud and misrepresentation.
The agency said the purported links of the woman, Sandeepa Virk, with a Reliance Group executive, Angarai Natarajan Sethuraman (President, Corporate Affairs), are also under its scanner. Sethuraman, in a statement, denied any connection with Virk or any transactions related to her.
Virk was taken into custody under the Prevention of Money Laundering Act (PMLA) on Tuesday after searches were conducted against her and her associates in Delhi and Mumbai over the last two days.
A special court sent her to the ED's custody till August 14, the agency said. The woman claims to be the owner of a skin care products selling website named hyboocare.com, which the ED claimed was a "front" for money laundering.
She and her associates are being probed for allegedly exerting undue influence through "misrepresentation" and "defrauding" individuals by soliciting money under false pretences.
According to an Instagram ID of Virk, she is an actor and entrepreneur and the founder of the said website.
The federal agency said in a statement that the woman was also "in touch with" Sethuraman, former director of erstwhile Reliance Capital Limited.
She was communicating with him regarding "illegal liaisoning", the ED claimed, adding that the searches at Sethuraman's residence "confirmed" these allegations.
"Besides, diversion of funds for personal benefit has also been unearthed during the course of the search action," it said.
The ED alleged that public money worth about Rs 18 crore belonging to Reliance Commercial Finance Limited (RCFL) was disbursed to Sethuraman in 2018 by "flouting" prudent lending norms.
The funds were lent under terms that allowed a deferment of the principal amount as well as the interest, with multiple waivers granted and no due diligence conducted, it said.
The ED claimed that besides this, a home loan of Rs 22 crore was provided by Reliance Capital Limited by "violating" the prudential norms. "A large part of these loans are seen to have been eventually siphoned off and remained unpaid," it alleged.
Sethuraman, in a statement, dismissed the allegations as "baseless". He denied any connection with Virk or any transactions related to her.
Detailing about Virk's web portal, the agency said it purportedly sold FDA-approved beauty products. However, the ED said the products listed on the website have been found to be non-existent and the portal lacks a user registration option and is plagued by persistent payment gateway issues.
A scrutiny of the website uncovered minimal social-media engagement, an inactive WhatsApp contact number and an absence of transparent organisational details, all of which reinforce the finding of "non-genuine" commercial activity, the ED claimed.
"These factors, including limited product range, inflated pricing, false claims of FDA approval and technical inconsistencies, indicate that the website serves as a front for laundering funds," it said.
Another social media-hosted bio data of the woman said she is a certified cosmetologist.
The ED said several "incriminating" documents were seized during the searches and the statement of a man named Farrukh Ali, stated to be an associate of Virk, was recorded.
The money-laundering case stems from an FIR lodged by the Punjab Police.
Sethuraman said that the home loan he received from Reliance Capital was granted following due process and was secured by the property offered as collateral.
