Tolivelugu Hyderabad: ED and CBI are moving aggressively in the Delhi liquor scam case. On the one hand, searches are being conducted.. on the other hand, many people are being detained and investigated. Delhi Deputy CM Sisodia, who is A1 in the case, attended the CBI investigation.
At the same time, it has become a hot topic to conduct raids by enforcement officers in Telugu states once again. The ED conducted searches at the showrooms of Musadi Lal Jewelers in Hyderabad. Along with Musaddilal Gems and Jewels Private Limited, Vaishnavi Bullion Private Limited and Musaddilal Jewelers Private Limited also conducted searches. After November 8, 2016, it was alleged that old Rs.500 and Rs.1000 notes were deposited in bank accounts amounting to Rs.111 crore. Kailash Chand Gupta, his sons along with his chartered accountant Sanjay Sarda are accused of money laundering.
The ED has registered cases under the Prevention of Money Laundering Act and has been investigating ever since and conducted recent searches. On the other hand, CBI officials interrogated YCP MP Magunta Srinivasulu Reddy’s son Raghavareddy. It seems that the MD of a Hyderabad-based pharma company has also been questioned. In connection with the liquor scam, the ED officials had earlier conducted searches in the areas related to Magunta Srinivasulu Reddy. Magunta’s office in Nellore and relatives’ houses were inspected. However, Magunta denied the allegations against him. ED has arrested the critical mastermind in the Rs.1,257 crore syndicate bank loan fraud case. Officials arrested Himansh Verma from Chandigarh and produced him in a special court in Jaipur. The judge allowed him in ED custody till the 25th of this month.