
Incidentally, Magunta has turned approver in the case. He turned approver in the case on Friday evening.
Magunta is said to have turned approver and conveyed some key information to the Enforcement Directorate with regard to the case.
This is a very significant development in the case as one of the most named companies in the case is Indo Spirits which is owned and operated by Magunta.
Magunta’s son Raghava Reddy had already turned approver in the case and he was later let out on bail. The ED then started to investigate many people based on the data given by Raghava. Now, Srinivas has turned approver and there’s a lot of doubt on the information he gave to the ED.
It is already know that Sharath Chandra Reddy had also turned approver in the case and he too was let out on bail.
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