Big action by ED, bribe of liquor syndicate worth Rs 1048.45 crore detected

The Enforcement Directorate (ED) team in Andhra Pradesh has detected bribery of liquor syndicate worth Rs 1048.45 crore. ED investigation has so far revealed a money trail of Rs 1048.45 crore in the form of bribe recovered from several distilleries. The distilleries were reportedly forced to pay bribes in cash, gold and liquor by the syndicate that had operational control over some of the distilleries.

The accused hid a large part of the earnings

Transport of liquor also brought financial benefits. The investigation under the Prevention of Money Laundering Act (PMLA) found that the proceeds of crime were used to purchase immovable property and finance personal gains of the liquor syndicate members and their associates. It is suspected that a large part of this crime’s income was hidden or wasted by the accused.

Assets worth more than Rs 441 crore confiscated

On the other hand, the Enforcement Directorate attached assets worth more than Rs 441 crore of various accused involved in the Andhra Pradesh liquor scam. This scam took place during the previous YSRCP government in the state.

Names of these people among the accused

The seized assets include bank deposits, fixed deposits, plots and other immovable properties belonging to the main accused Kesireddy Rajasekhara Reddy, his family members and related entities, other accused such as Boonetti Chanakya and their related entities and relatives, and entities of Donthireddy Vasudeva Reddy and some others.

The matter is of assembly elections 2019

The ED said in a statement that after the 2019 assembly elections, the newly formed state government (led by Chief Minister and YSRCP leader Jagan Mohan Reddy) established a monopoly on retail liquor shops through government retail outlets (GROs) run by Andhra Pradesh State Beverages Corporation Limited (APSBCL).

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