Overview
- ED officials questioned former Rajya Sabha MP V. Vijayasai Reddy in Hyderabad for nearly seven hours and recorded his statement under the Prevention of Money Laundering Act.
- Investigators examined policy decisions, alleged cash collections, suspected hawala channels, and routing of funds through shell companies, and they took custody of financial documents submitted by him.
- YSRCP MP P. V. Midhun Reddy appeared before the ED on Friday after earlier SIT arrest in July 2025, and he remains on bail.
- The ED’s case is based on a SIT FIR filed on September 23, 2024, with an ECIR registered on May 6, 2025, to trace alleged laundering of about Rs 3,500 crore.
- SIT filings allege illicit funds were routed through Vijayasai Reddy to former chief minister Y. S. Jagan Mohan Reddy, who calls the case a political conspiracy and has not been named as an accused in prosecution complaints.