The Enforcement Directorate (ED), Hyderabad Zonal Office, has filed a supplementary prosecution complaint before the Special Court under the Prevention of Money Laundering Act (PMLA) in Visakhapatnam in connection with the Andhra Pradesh State Skill Development Corporation (APSSDC)–Siemens project case.
The supplementary complaint has been filed against M/s Designtech Systems Private Limited (DTSPL) and several individuals, including Vikas Vinayak Khanvelkar, Suman Bose, Mukul Chandra Agrawal, Suresh Goyal, and others. The Special PMLA Court took cognisance of the complaint on January 28, 2026, the ED said.
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Background of the case
The money laundering investigation was initiated on the basis of an FIR registered in relation to the APSSDC–Siemens project, which was aimed at promoting skill development and entrepreneurship in Andhra Pradesh. The case pertains to the alleged diversion and misappropriation of funds invested by the Andhra Pradesh government for purposes other than those for which the project was sanctioned.
According to the ED, the accused entities and individuals allegedly defrauded the Andhra Pradesh government by siphoning off public funds earmarked for the Siemens skill development project.
Findings of the ED probe
The investigation revealed that Vikas Vinayak Khanvelkar, Managing Director of Designtech Systems Private Limited, along with Suman Bose—former Managing Director of Siemens Industry Software India Private Limited—and their close associates Mukul Chandra Agrawal and Suresh Goyal, orchestrated the diversion of government funds through multiple layers of financial transactions.
The ED alleged that the accused used shell and dormant entities to route funds and created a façade of legitimate business activity. Funds were allegedly siphoned off on the pretext of providing services, backed by fake and inflated invoices, without the actual delivery of corresponding services.
The agency further stated that intermediaries and facilitators were engaged to execute the fund diversion, and commissions were paid to these middlemen as part of the laundering process.
Arrests and earlier attachments
During the course of the investigation, the ED arrested Vikas Khanvelkar, Suman Bose, Mukul Chandra Agrawal and Suresh Goyal on March 4, 2023. The agency also recovered fixed deposits amounting to approximately ₹2 crore during the probe.
In April 2023, the ED provisionally attached assets worth ₹31.20 crore belonging to Designtech Systems Private Limited. Subsequently, a prosecution complaint was filed before the Special PMLA Court in Visakhapatnam, which took cognisance of the complaint in May 2023.
Further probe reveals additional proceeds of crime
The ED said that further investigation led to the identification of additional proceeds of crime held by other persons involved in the case, including those who allegedly facilitated the diversion of funds.
Based on these findings, the agency attached assets worth ₹23.54 crore, comprising bank balances, shares, and immovable properties located in Delhi NCR, Mumbai and Pune.
With this, the total value of assets attached in the APSSDC–Siemens case has risen to ₹54.74 crore, the ED said.
Supplementary complaint filed
In light of the additional evidence and identification of further proceeds of crime, the ED filed a supplementary prosecution complaint before the Special PMLA Court, Visakhapatnam. The court took cognisance of the supplementary complaint on January 28, 2026.
The ED stated that the supplementary complaint details the role of additional accused, the extended money trail, and further instances of laundering of public funds linked to the Siemens skill development project.
Investigation continues
Officials said that the probe into the money trail, beneficiary entities and end-use of diverted funds is ongoing. The agency is examining whether additional individuals or entities were involved in the alleged laundering network.
Further action under the PMLA may follow based on the outcome of the continuing investigation, the ED added.
About the author – Ayesha Aayat is a law student and contributor covering cybercrime, online frauds, and digital safety concerns. Her writing aims to raise awareness about evolving cyber threats and legal responses.
