KK Srivastava Held for Rs 15 Cr Fraud; Claimed Links to Chhattisgarh Political Heavyweights
Raipur
In a major breakthrough, the Chhattisgarh Economic Offences Wing (EOW) has arrested KK Srivastava, leant to be the close aide of former Chief Minister Bhupesh Baghel, from a hotel in Bhopal for allegedly defrauding a businessman of Rs 15 crore by falsely promising a Rs 500 crore project. Claiming proximity to top political leaders in Chhattisgarh, Srivastava misled the victim with forged documents and fake assurances. Both the EOW and the Enforcement Directorate (ED) had been tracking him for over a year.
Srivastava, a resident of Bilaspur, was caught after EOW received a tip-off about his presence in Bhopal. He is currently being brought to Raipur for court proceedings.
The complaint was filed at Telibandha police station by Ajay Kumar, the admin manager of Rawat Associates, a UP-based firm. According to the FIR, Srivastava assured Kumar’s employer, Arjun Rawat, of securing a Rs 500 crore government project in Chhattisgarh. To appear credible, Srivastava sent fake documents bearing the name of Glomax India and a forged agreement supposedly with the Chhattisgarh government.
Ajay Kumar also alleged that Srivastava’s son, Kanchan Srivastava, was complicit in the scam. When Arjun Rawat began asking for the return of his money, Srivastava issued several cheques from different firms. However, when Rawat attempted to cash them, he found the cheques had been marked “stop payment.”
After being confronted, Srivastava allegedly threatened Rawat and his family, boasting of his connections with powerful political and Naxalite figures. Fearing for their safety, Rawat filed a formal police complaint, leading to the registration of a criminal case.
The FIR mentions that Srivastava performed “tantric rituals” for prominent state leaders, though it does not specify whether they were from the BJP or Congress. It alleges that Srivastava was closely associated with some top leaders of the previous Congress-led state government.
During the investigation, police discovered transactions totaling over ₹300 crore in bank accounts allegedly linked to Srivastava. Shockingly, many of these accounts were registered under the names of individuals residing in government housing for the economically weaker sections (EWS). The matter has now been referred to the Income Tax Department for further probe.
Authorities suspect Srivastava of managing illicit funds for political figures and laundering money through hawala networks to Delhi. Initial findings by the ED reportedly support these allegations. Investigators believe he was involved in converting black money into legal assets for several leaders.
As the investigation deepens, both EOW and ED continue to examine financial records, suspect accounts, and links to political circles. Srivastava’s arrest is expected to unravel a larger web of financial and political corruption.
