Andhra Pradesh's Illicit Liquor Scam: Accusations Fly

Andhra Pradesh IT Minister Nara Lokesh has accused YSRCP leader Peddireddy Ramachandra Reddy of diverting funds from an illicit liquor scam to his construction company. Lokesh claims that these proceeds were used by a distillery to buy gold worth Rs 400 crore during the previous regime, calling it criminalization of politics.

Nara Lokesh, Andhra Pradesh's IT Minister, has publicly accused YSRCP leader Peddireddy Ramachandra Reddy of misdirecting proceeds from an illicit liquor scheme through his construction company during the previous administration.

Lokesh alleged that gold valued at Rs 400 crore was purchased as a part of these alleged transactions. This, he argues, demonstrates the way corrupt funds were smartly veiled as investments during those five years.

During a press conference, Lokesh pressed Ramachandra Reddy to deny the allegations publicly, questioning whether the transactions truly never went through Reddy's firm. He further called the construction company a front for corruption and demanded transparency between liquor and politically affiliated companies.

(With inputs from agencies.)