ED arrests key accused in ₹3,200 crore AP liquor scam, conducts raids at multiple locations

HYDERABAD

The Enforcement Directorate (ED) connected Thursday arrested a cardinal accused successful the alleged ₹3,200 crore Andhra Pradesh liquor scam and carried retired searches astatine aggregate locations successful Hyderabad and Andhra Pradesh arsenic portion of its ongoing wealth laundering investigation.

Raj Kesireddy was arrested from his residence successful Nanakramguda connected Thursday morning. Simultaneously, ED teams searched 5 properties linked to him and six different accused persons successful transportation with the case.

According to the ED, its probe has revealed that thousands of crores of rupees were allegedly siphoned disconnected done hawala transactions and wealth laundering channels arsenic portion of the liquor scam.

Following a preliminary probe into alleged irregularities during the YSR Congress Party regime, the ED registered a lawsuit nether the Prevention of Money Laundering Act (PMLA). An Enforcement Case Information Report (ECIR) was subsequently registered and a elaborate probe was launched.

Further probe is underway.