Probe Company Conducts Raids In Telangana, Together with Ex-Minister’s Circle of relatives
“The rip-off has generated proceeds of crime of about Rs 100-Rs 200 crore,” the ED alleged.
New Delhi:
The Enforcement Directorate on Saturday mentioned it performed raids in Telangana, together with towards the son-in-law of former state minister past due Nayani Narsimha Reddy, in reference to a cash laundering probe connected to alleged fraud within the IMS and ESIC departments of the state.
The central probe company in a observation mentioned that it has seized a “great amount of incriminating proof, unaccounted money to the music of Rs three crore, jewelry of Rs 1 crore, clean cheques, assets papers and lockers and so on” right through searches at seven places in Hyderabad.
Raids are nonetheless being performed, the Enforcement Directorate (ED) mentioned.
Searches had been performed on the residential premises of Dr Devika Rani, Srihari Babu alias Babji, V Srinivas Reddy, the son-in-law of Nayani Narsimha Reddy, Mukunda Reddy, private secretary to the previous minister, M Vinay Reddy, the brother-in-law of Mukunda Reddy, Burra Pramod Reddy and industry premises of Omni Medi, it mentioned.
“Unaccounted money of round Rs 1.50 crore, Rs 1.15 crore, Rs 45 lakh used to be seized from the residential premises of V Srinivas Reddy, Burra Pramod Reddy and M Vinay Reddy respectively,” the ED mentioned.
The company mentioned it initiated the probe within the case beneath provisions of the Prevention of Cash Laundering Act (PMLA) towards the then director for IMS (Insurance coverage Scientific Products and services) Dr Devika Rani, her husband Srihari Babu alias Babji of Omni Workforce and a number of other others at the foundation of 8 FIRs registered by way of the Telangana anti-corruption bureau.
The bureau charged them on allegations of economic irregularities within the acquire and provide of medications and surgical kits, large worth escalation, gross deviations from the Worker State Insurance coverage Company (ESIC) and govt norms.
They had been additionally charged for introduction of faux indents, faux expenses, diversion of medications, falsification of information amongst others.
“The rip-off has generated proceeds of crime of about Rs 100-Rs 200 crore,” it alleged.
