Indian politician KVP Rao, Ukrainian tycoon indicted in $18.5 million mine scam

0
164

Hyderabad: Dr K.V.P. Ramachandra Rao, senior politician and close adviser of late chief minister Y.S. Rajasekhar Reddy, has been indicted along with Ukrainian industrialist Dmitry Firtash and four others by a US grand jury for their suspected roles in an $18.5 million scheme to bribe Indian officials for a titanium mining contract in Andhra Pradesh, the US Justice Department said.
U.S. prosecutors accused Ukrainian gas tycoon Dmytro Firtash of conspiring to bribe government officials in India to win rights to mine titanium, according to an indictment unsealed in Chicago. U.S. investigators say they are investigating alleged corruption. Firtash is free on bail of €125 million ($172 million), though he has promised to remain in Austria.