Did the ED Uncover a Major Liquor Scam in Hyderabad?
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Synopsis
The Enforcement Directorate's recent searches in Hyderabad and Secunderabad highlight a significant investigation into a massive liquor scam. With allegations of money laundering involving hundreds of crores, this case touches prominent figures and raises questions about the integrity of the liquor business in Andhra Pradesh.
Key Takeaways
- ED's searches signify a deepening investigation into the liquor scam.
- Approximately Rs 3,500 crore involved in the scandal.
- Multiple businessmen linked to money laundering allegations.
- SIT has named 48 individuals, with ongoing arrests.
- Political implications surrounding former Chief Minister Y.S. Jagan Mohan Reddy.
Hyderabad, Sep 18 (NationPress) The Enforcement Directorate (ED) has executed searches at various locations within the twin cities of Hyderabad and Secunderabad on Thursday.
Officials from the ED targeted locations linked to certain businessmen as part of an ongoing probe into money laundering accusations.
Investigators searched several villas in Wellington Enclave in West Maredpally of Secunderabad, as well as other sites in Mahindra Hills.
This operation is believed to be part of a comprehensive national investigation led by the ED into money-laundering intermediaries allegedly connected to the liquor scam in Andhra Pradesh.
These intermediaries are accused of routing nearly Rs 3,500 crore through benami firms, shell companies, and hawala networks.
The Special Investigation Team (SIT), which is looking into the alleged liquor scam that occurred during the previous regime of the YSR Congress Party, presented its second supplementary charge sheet before the Anti-Corruption Bureau (ACB) Court in Vijayawada on Monday.
The charge sheet detailed the alleged involvement of individuals such as Chevireddy Bhaskar Reddy, Venkatesh Naidu, Balaji Kumar Yadav, and Naveen Krishna, indicating that illicit proceeds were laundered through them. The accused reportedly acted as conduits, diverting funds into shell companies and benami accounts.
The SIT has identified 48 individuals in the case, with 12 arrests made so far. Recently, four of the arrested individuals were granted bail by the ACB Court.
In the meantime, the SIT plans to present the accused, including YSRCP MP Midhun Reddy, before the ACB Court to seek a further extension of their judicial custody.
Last month, the SIT submitted the first supplementary charge sheet, shedding light on the alleged role of then Chief Minister Y.S. Jagan Mohan Reddy.
Although the SIT has not charged Jagan Mohan Reddy as an accused, it alleged that he made decisions to alter the excise policy to exploit the liquor business for illegal wealth accumulation.
Reports suggest that low-profile individuals, such as office employees, were enlisted to launder kickbacks from liquor companies. These employees, including office boys from the accused's companies, were utilized as couriers to deposit illicit cash into a network of bank accounts associated with the syndicate.
Point of View
The actions of the Enforcement Directorate reflect the ongoing commitment to combat corruption and uphold the rule of law in India. The investigation into the alleged liquor scam not only underscores the importance of accountability in governance but also highlights the need for transparency in business practices. As this case progresses, it is vital to ensure that justice is served while maintaining the integrity of the investigative process.
NationPress
21/09/2025
Frequently Asked Questions
What prompted the ED's searches in Hyderabad?
The ED's searches were initiated as part of an investigation into money laundering allegations connected to a significant liquor scam in Andhra Pradesh.
How much money is involved in the alleged liquor scam?
The investigation suggests that nearly Rs 3,500 crore has been laundered through benami firms and shell entities.
Who are the key individuals named in the investigation?
Key individuals mentioned in the SIT's charge sheet include Chevireddy Bhaskar Reddy, Venkatesh Naidu, Balaji Kumar Yadav, and Naveen Krishna.
What role did the former Chief Minister play in this case?
While Y.S. Jagan Mohan Reddy has not been formally accused, the SIT alleges he made decisions to modify the excise policy to facilitate illegal wealth accumulation.
How many arrests have been made so far?
To date, 12 individuals have been arrested in connection with the case.
