ED Attaches Assets of Prominent Figures in Delhi Excise Policy Case

The Enforcement Directorate (ED) has attached assets worth over Rs 115 crore belonging to Raghav Magunta and Sarath Chandra Reddy in the Delhi excise policy-linked money laundering case. The agency disclosed this in a chargesheet against several political figures, alleging a Rs 100 crore payment to the Aam Aadmi Party to influence policy.


PTI | New Delhi | Updated: 03-06-2024 21:53 IST | Created: 03-06-2024 21:53 IST
ED Attaches Assets of Prominent Figures in Delhi Excise Policy Case
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The Enforcement Directorate (ED) has tightened its grip in the Delhi excise policy-linked money laundering case, attaching assets worth more than Rs 115 crore. The assets belong to Raghav Magunta, son of TDP Lok Sabha poll candidate Magunta Sreenivasulu Reddy, and Aurobindo Pharma promoter Sarath Chandra Reddy.

This disclosure came in a chargesheet filed on May 10 against K Kavitha, daughter of former Telangana CM K Chandrashekar Rao, and four others. The scrutiny by a special PMLA court on May 29 has amplified the stakes in this high-profile case.

Both Magunta and Reddy have been identified as members of the 'South Group', which allegedly paid Rs 100 crore to the AAP to influence the Delhi Excise Policy (2021-22). Following these revelations, the policy was swiftly scrapped amid allegations of illegalities.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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