The Enforcement Directorate (ED) has launched raids in connection with the AP liquor scam to investigate possible money laundering. Raids were carried out at 20 different locations across India.
These raids took place in Hyderabad, Chennai, Tanjavur, Surat, Bengaluru, Delhi, Raipur and several parts of Andhra Pradesh. The ED acted based on a CID FIR, which stated that the Andhra Pradesh government lost around ₹4,000 crore.
During the raids, officials reportedly seized several crucial documents. The ED also confiscated unaccounted cash worth ₹38 lakh from various locations.
Raids in Hyderabad and Andhra Pradesh were conducted on Thursday. As per the investigation, low-quality liquor was sold in place of branded liquor, allegedly by manufacturers approved by the accused.
Initially, the estimated financial loss stood at ₹3,200 crore. However, updated figures now reveal that the state incurred a loss of ₹4,000 crore between 2019 and 2024.
Currently, 29 individuals and 19 companies are under SIT investigation. Four accused are out on bail, while eight others remain in jail.
The ED and SIT are working together to uncover how the kickback money was collected, laundered and converted into legal assets. More revelations are expected as the probe progresses.
Prabhas is currently juggling multiple pan-India projects, but two of his biggest films have hit…
Kushitha Kallapu is redefining ethnic glamour with her latest saree photoshoot, and the results are…
