Y. S. Chowdary

Summary

Yalamanchali Satyanarayana Chowdary
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Minister of State for Science, Technology and Earth Sciences
In office
9 November 2014[1] – 8 March 2018
MP of Rajya Sabha for Andhra Pradesh
Assumed office
22 June 2010
ConstituencyAndhra Pradesh
Personal details
Born (1961-06-02) 2 June 1961 (age 60)[2]
Kanchikacherla
NationalityIndian
Political partyBharatiya Janata Party
Spouse(s)Padmaja (m. 1989)
ResidenceHyderabad, Telangana, India
Alma materChaitanya Bharathi Institute of Technology, Hyderabad PSG College of Technology, Coimbatore
OccupationBusinessman, politician
WebsiteYSChowdary.com

Yalamanchili Satyanarayana Chowdary (born 2 June 1961), popularly known as Sujana Chowdary or Srujana Chowdary, is an Indian politician Member of Parliament, Rajya Sabha member from the Bharatiya Janata Party. He was the Minister of State for Earth Sciences of India from 9 November 2014 to 8 March 2018.[3] He was an entrepreneur and headed the Hyderabad-based Sujana Group of Industries before retiring from business to join politics.

Early life and career

Chowdary was born in Kanchikacherla village in the Krishna district of Andhra Pradesh. He graduated with a bachelor's degree in Mechanical Engineering from the Chaitanya Bharathi Institute of Technology (CBIT) in Hyderabad in 1984. He completed his master's degree in Machine Tool Engineering from the PSG College of Technology in Coimbatore, Tamil Nadu. In 1986, he founded the Sujana Group of Companies.

Political career

Y S Chowdary's entered politics in 2010[4] when he was elected to the Rajya Sabha, India's upper house of Parliament, representing the Telugu Desam Party (TDP) from Andhra Pradesh on 22 June 2010.

On 9 November 2014, during the first expansion of the Council of Ministers of Prime Minister Narendra Modi's NDA Government (National Democratic Alliance (India)), Mr Chowdary was appointed as the Minister of State for Science & Technology, & Earth Sciences. He was elected as the TDP's Parliamentary Leader on 4 June 2014.

Chowdary served as member of the Indo-Singapore Parliamentary Friendship Group, jointly set up as a step towards strengthening bilateral ties between the two countries’ Parliaments. He was a member of the Government of India's Parliamentary Standing Committee on Commerce, the Parliamentary Forum on Youth, the Consultative Committee for the Ministry of Food Processing Industries.

Sansad Adarsh Gram Yojana

Under the Sansad Adarsh Gram Yojana (SAGY) programme, Y S Chowdary adopted Ponnavaram village, which is located about 60 km from Vijayawada in Krishna District of Andhra Pradesh. Under the programme, he has initiated the transformation of the place into a model village[5] by implementing various development programs such as digital class rooms in the local government school, conducting medical camps, laying cement roads, building toilets for the households.[6]

Sujana Charitable Trust

The Sujana Charitable Trust and the Sujana Foundation, manifest the Sujana Group's Corporate Social Responsibility initiatives. The Foundation supports two schools for challenged children in Chennai, an Old Age Home in Hyderabad, and grants scholarships and merit awards for excellence to students in the areas of academics, sports, social entrepreneurship, innovation in engineering, agriculture, poverty alleviation and rural development.

Controversy

YS Chowdary was under media scanner for an allegation by the Mauritius Commercial Bank Ltd of Mauritius on the grounds that the company defaulted on the Rs 1.92 billion loan it availed through its subsidiary. This allegation popped up a day after the Rajya Sabha MP-cum-industrialist was sworn in as a Union minister.[7]

A clarification from the MPs office later said that he had not secured loan from the Mauritius Commercial Bank. It was his group firm – Sujana Universal Industries —that borrowed the funds and he only stood as a guarantor to the loan obtained by that step-down subsidiary.[8]

On 23 and 24 November 2018, searches were conducted by Enforcement Directorate, at the residence and office of Sujana Chowdary in Hyderabad and Delhi. The agency claimed, the group of companies belonging to him defrauded banks to the tune of Rs 57 billion. The documents seized by the agency indicated that the group was controlling over 120 companies that were only on paper without any genuine business activities.[9] Chowdary alleged that he was being targeted for political reasons and said he would take legal recourse against the ED. He claimed his companies were maintaining all records and the allegations made by the ED were baseless.[10]

Personal life

Chowdary married Padmaja on 6 August 1989. The couple have two children, Y. S. Karthik and Y. Naga Chandini.

References

  1. ^ "Rajya Sabha members alloted [sic] to Telangana, Andhra Pradesh". The Economic Times. 30 May 2014.
  2. ^ "Archived copy". Archived from the original on 17 July 2015. Retrieved 10 July 2015.CS1 maint: archived copy as title (link)
  3. ^ Staff Reporter (7 August 2016). "Telugu Desam will continue its efforts for SCS: Sujana". The Hindu.
  4. ^ "Detailed Profile – Shri Y. S. Chowdary – Members of Parliament (Rajya Sabha) – Who's Who – Government: National Portal of India". 5 May 2012. Archived from the original on 5 May 2012.
  5. ^ "Chowdary adopts Ponnavaram village for development". Business Standard. Press Trust of India. 6 February 2015.
  6. ^ "Ponnavaram to go hitech". The Hans India. 21 December 2015.
  7. ^ "Union Minister YS Chowdary Faces Arrest Over Alleged Loan Default". NDTV. 8 April 2016. Retrieved 31 January 2019.
  8. ^ "Did not take loan, only gave guarantee: MoS YS Chowdary claims he did not default on Rs 106 cr loan – Firstpost". firstpost.com.
  9. ^ "ED, IT raids on ex-Union minister and TDP MP YS Chowdary in Hyderabad". 24 November 2018.
  10. ^ "ED raids: Sujana cries foul". The Hans India. 26 November 2018.