Leading investigating web site Cobra Post in its latest string operation has unearthed the links between banker and a realtor in which state minister for primary education Sailajanath’s name was surfaced.

The reporters of the Cobra Post have approached Manohar, the branch manager of Indian Bank in New Delhi. They introduced themselves representatives of a big minister, who wants to dump his black money in a safe place. They figured it around Rs.25 crore in the first dump, followed by many such dumps in the near future if safety assured. The bank manager Manohar, who hails from Andhra Pradesh, assuming them as genuine representatives have briefed them about various methods of transactions like buying  gold, money laundering through hawala rocket within India, making insurance and investing in real estate business guaranteed by a big minister in the state. The reporters have opted for the last option but wants to ensure the safety for their money. Then, they were told that it is Dr. Hari Krishna Prasad an Orthopedist in Tirupati, who is planning for a big real estate venture and looking for huge investment like this. The manager told them that he is closely associated minister Sailajanath. Then the minister came into the business, who guarantees for the safety of the money. He assured the money will be returned in white and monthly interest will be paid through cheque in white. The realtor has assured to return the amount exactly one month before the next general elections. The minister has assured them that money can be delivered in a matter of hours, if necessary through hawala system.

But, when the matter hits the media, Sailajanath has condemned of having any links with hawala rocket or indulging in any kind of fraud business deals. He said Harikrishna Prasad is a close friend of him. Hence,  that is why he told the reporters that he can be relied upon for business transactions. He said he is not aware of any deals between them. he said what he did was just asserts that he is genuine. He condemned indulging in money laundering or hawala rocket.