The Andhra Pradesh government has moved to seize the properties of Raj Kasireddy, identified as A1 in the AP liquor scam. Authorities allege that he acquired assets worth Rs 13 crore through illegal means linked to liquor kickbacks.
Kasireddy reportedly purchased properties under the names of family members and relatives. The investigation revealed that he and his associates floated shell companies to divert scam revenues. The laundered money was invested in real estate, hospitals, and films to convert black money into white.
The CID is set to file a petition in the ACB Court seeking formal seizure of these properties. Chief Minister Chandrababu Naidu has reiterated on several occasions that the liquor scam will be investigated thoroughly and those guilty will face strict punishment.
The Rs 3200 crore scam has caused a huge loss to the state exchequer. Despite multiple bail pleas, Raj Kasireddy remains in custody as the case continues to unfold.
