Butchibabu Gorantla is an Indian chartered accountant who was arrested on February 8, 2023 in connection with the Delhi excise policy case.
Wiki/Biography
Butchibabu Gorantla was born on Wednesday, August 4, 1982, in Hyderabad, Telangana (40 years; as of 2022). His zodiac sign is Leo. He holds a bachelor’s degree in commerce from Acharya Nagarjuna University, Guntur, Andhra Pradesh and a bachelor’s degree in FCS Banking, Corporate, Financial and Securities Laws, Accounting, Assurance, Taxation, Financial Management from the Institute of Company Secretaries of India and FCA, New Delhi, India Management Accounting by the Institute of Chartered Accountants (2003). Noida.
appearance
Height (approximately): 5′5″
Hair color: Semi-bald (black)
Eye color: black
family
Parents and siblings
Not much information is available about his parents and siblings.
wife and children
His wife’s name is unknown. He has two daughters.
Butchbabu Golantra’s daughters
sign
Butchbabu Golantra’s signature
Profession
In April 2002, he started serving as Director of Cogent Professionals Pvt. Ltd., Hyderabad. In September 2007, he was promoted to head of the organization. On February 16, 2010, he was appointed as Director of Halcyon Soft Solutions Private Limited. In March 2012, he joined Gorantla & Associates LLP, Hyderabad as a Senior Partner. On October 15, 2018, he was appointed as Director of Ram Mining (India) Private Limited. On May 31, 2021, he became a director of Inbisdekh India Private Limited. He is primarily responsible for matters related to corporate planning, strategy, capital raising and project execution. He specializes in cross-border transactions and business processing. He has extensive experience working in information technology, pharmaceutical, manufacturing, banking and service industry business activities. He has 14 years of experience in income tax and indirect tax matters. He also works with high net worth individuals, family wealth management and corporate tax.
dispute
Butchibabu was arrested by the Central Bureau of Investigation (CBI) on February 8, 2023, in connection with the Delhi excise policy case. The CBI said he is responsible for the formulation and implementation of excise tax policy. They also accused him of helping wholesale and retail licensees and owners earn profits under the 2021-2022 policy. According to the CBI, he is backed by a group called the Southern Cartel, which is run by the Kavi of the ruling Bharat Rashtra Samithi in Telangana. Kavitha, Andhra Pradesh’s ruling YSR MP Magunta Srinivasalu Reddy and Aurobindo Pharma’s Sarath Reddy (Sarath Reddy) composed. After the investigation, the ED said he was informed about Vijay Nair, who has connections with many powerful politicians and was arrested in the same case. In a statement, ED spoke further about him, saying:
Sarath invited Buchi Babu on board to guide him in financial and market analysis as Buchi babu was good with numbers. They all met at Kavita’s house on Road 14, Banjara Hills. Arun told Butch Babu that Vijay Nair was the contact person in Delhi liquor establishments. During the meeting, Vijay Nair said that the new policy has been drafted in a way that will benefit both the government and corporates and Sameer asked Buchi Babu to introduce him to the Magunta Group to work on a retail joint venture. Later, Buchi Babu took Sameer to Magunta Srinivasulu Reddy’s residence-cum-office on Lodhi Road. ”
Facts/Trivia
- He is a fellow member of the Institute of Chartered Accountants of India and a fellow member of the Institute of Company Secretaries of India.
- He is a former chartered accountant of Kalvakuntla Kavitha, daughter of Telangana Chief Minister K. Chandrasekhar Rao.
Butchibabu Gorantla and Kalvakuntla Kavitha
- He was often spotted drinking on different occasions.
Butchibabu Gorantla holding a glass of wine
Categories: Biography
Source: HIS Education