ED Actions Against Accused Individuals

The Enforcement Directorate (ED) has announced the attachment of properties worth Rs 441.63 crore belonging to several individuals implicated in a high-profile liquor scam in Andhra Pradesh. Key figures in this case include Kessireddy Rajasekhara Reddy, Booneti Chanakya, and Donthireddy Vasudeva Reddy, along with their associated entities. This action was taken under the Prevention of Money Laundering Act (PMLA), 2002, as part of an ongoing investigation into the alleged fraudulent activities.

Details of the Alleged Scam

The multi-crore scam reportedly took place from 2019 to 2024 during the governance of the YSR Congress Party. Kessireddy Rajasekhara Reddy emerged as the main suspect in the investigation. Evidence suggests that Reddy, in collaboration with Chanakya, Avinash Reddy, Kiran Kumar Reddy, Paila Dileep, and Saif Ahmed, purportedly manipulated the procurement processes of the Andhra Pradesh State Beverages Corporation Limited. These actions are believed to have resulted in a significant loss of approximately Rs 3,500 crore to the state.

Investigative Findings

The ED’s investigations revealed that the accused had either established or gained control over multiple distilleries, which they allegedly used as special purpose vehicles to facilitate the generation of illicit financial gains. In a statement, the agency noted the discovery of a money trail amounting to Rs 1,048.45 crore that was acquired through kickbacks from various distilleries.

Assets Seized by the ED

In the course of their efforts, the ED seized a range of assets, including bank balances, fixed deposits, land parcels, and other immovable properties linked to the accused individuals. The investigation is ongoing, with efforts focused on uncovering further details and obtaining additional evidence related to this extensive money laundering case.

Continuing Investigative Efforts

The ED’s recent actions reflect a determined approach to tackling financial irregularities within the state, especially in light of the serious allegations surrounding the liquor procurement practices. The agency has underscored its commitment to pursuing those involved in such financial crimes as investigations continue to gather pace. Further developments in the case are anticipated as the agency delves deeper into the networks associated with the accused individuals.

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