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ED Attaches About ₹675 Crore in Assets Across Liquor, Realty and Bank-Fraud Probes

The measures seek to secure suspected proceeds of crime pending money-laundering investigations.

Overview

  • In Andhra Pradesh’s liquor case, the ED attached ₹441.63 crore in bank balances, fixed deposits, land parcels and other assets linked to prime accused Kesireddy Rajasekhara Reddy, Booneti Chanakya, former APSBCL MD Donthireddy Vasudeva Reddy and others.
  • Investigators say the liquor probe has traced a ₹1,048.45 crore kickback trail and estimates a wrongful loss of about ₹3,500 crore to the state exchequer, with alleged coercion of distilleries and manipulation of procurement and transport contracts.
  • In the TDI Infrastructure matter, the ED’s Gurugram office provisionally attached ₹206.40 crore in land and commercial units at Kamaspur, Sonipat, adding to earlier action and taking total attachments in the case to ₹251.88 crore.
  • ED cites 26 FIRs and chargesheets alleging TDI collected ₹4,619.43 crore from 14,105 homebuyers across 23 projects launched between 2005 and 2014, diverted funds to group entities and left projects delayed, including one by 16–18 years.
  • In the Sowbhagya Ispat bank-fraud case, properties worth ₹26.86 crore were attached after findings of fabricated stock statements and inflated financials; the alleged proceeds of crime total ₹46.52 crore, with ₹15.52 crore already recovered by the bank.