The Income Tax Department has traced money transfers worth over Rs 15 crore to companies linked to Marella Vijaya Narasimha Reddy, brother-in-law of former AP Beverages Corporation MD Vasudeva Reddy, linked to the AP liquor scam and alleged benami properties.
The department suspects that these payments were used to channel money allegedly received by Vasudeva Reddy in return for favouring liquor suppliers during the YSRCP government.
According to the investigation, B9 Beverages and Bacardi India transferred more than Rs 15 crore to VNR Global in the name of sales promotion commissions. They suspect the payments were a cover for commissions linked to liquor supply orders.
The money trail reportedly passed through VNR Global and Sri Lakshmi Narasimha Swamy Milk Chilling Point. Data Evolve provided around Rs 6 crore to these businesses as interest-free funds that did not have to be repaid. Vijaya Narasimha Reddy later invested Rs 8.59 crore in the milk business. Vasudeva Reddy’s wife, Kalpana Reddy, reportedly held a 40 to 45 per cent stake in the company.
One transaction drew particular attention. The milk chilling company’s account transferred Rs 1 crore to Vijaya Narasimha Reddy’s personal account. His balance before this transaction was reportedly just Rs 475. He then moved the money to Ale Infra to purchase a villa at Rolling Meadows in Mankhal village near Tukkuguda in Telangana. The property was registered in his name on April 11, 2023, for Rs 3.25 crore.
The IT Department also found that Vijaya Narasimha Reddy had not disclosed the villa or his sister’s stake in the milk chilling business when questioned in August last year. On December 11, 2025, he transferred the villa to Kalpana Reddy through a sale deed, citing urgent financial requirements.
The department suspects this was an attempt to move the property as scrutiny intensified. It has now provisionally attached the villa and frozen around Rs 3.5 crore in Axis Bank and ICICI Bank accounts belonging to Vijaya Narasimha Reddy and VNR Global under the Prohibition of Benami Property Transactions Act.
The orders were issued on November 9 by the Hyderabad Benami Prohibition Unit. The assets cannot be sold or transferred until the adjudicating authority in Delhi passes its final order. The latest development puts the financial dealings of Vasudeva Reddy’s extended family under greater scrutiny.
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