Overview
- Investigators searched locations tied to YSR Congress leader Chevireddy Bhaskar Reddy, main accused Kesireddy Rajasekhara Reddy, Bharati Cements director Balaji Govindappa, Krishna Mohan and Dhanunjaya Reddy in Hyderabad, Vijayawada and Tirupati.
- The Enforcement Directorate said the action drew on a Special Investigation Team report that reviewed a CID case launched on a complaint by the state's Principal Secretary over a roughly Rs 4,000 crore loss.
- Earlier in the probe, the agency attached properties worth Rs 441.63 crore linked to Kesireddy Rajasekhara Reddy and associates under the anti-money-laundering law.
- The ED reports a kickback trail of Rs 1,048.45 crore that distilleries allegedly paid in cash and gold and through ceding operational control and transport gains.
- According to the agency, cash was pooled at multiple Hyderabad sites by designated handlers, with proceeds used to buy real estate and for personal gain, and much of the money now hidden or dissipated.