ED arrests son of YSR Congress MP in Delhi excise coverage cash laundering case
3 min readExpress News Service
NEW DELHI: The Directorate of Enforcement on Saturday arrested Raghav Magunta – son of YSR Congress MP Magunta Srinivasulu Reddy – one of many individuals concerned within the technology of kickback, out of the ‘tweaked’ Delhi Excise Policy that favoured ‘liquor lobbies’ and induced big losses to the Delhi exchequer. The kickbacks had been allegedly laundered and distributed subsequently amongst middlemen, authorities and politicians.
According to ED sources, the company would search custodial remand on Raghav, who’s the proprietor of the Balaji Group and has been one of many key associates of the South Group liquor foyer which benefited from the tweaked Delhi Excise coverage that induced big losses to the Delhi Government. The South foyer had generated Rs 100 crore of kickback which was obtained by one other accused Vijay Nair on behalf of the AAP.
The ED had earlier this week arrested two individuals – Rajesh Joshi and Gautam Malhotra for his or her alleged involvement within the laundering of the kickbacks generated in Delhi Excise rip-off. Joshi, the proprietor of Chariot Productions Media agency that additionally dealt with campaigns for AAP, was arrested on Thursday for allegedly laundering the kickback cash obtained from Delhi liquor rip-off. Joshi used the liquor kickback to fund AAP’s elections marketing campaign in Goa, the CBI alleged. Joshi, granted ED remand until February 13 is at the moment being interrogated by the company in custody.
Gautam Malhotra, a Punjab-based businessman and son of a former SAD MLA Deepak Malhotra, was additionally arrested on Tuesday evening in reference to the cash laundering investigation linked to alleged irregularities within the Delhi excise coverage case.
Gautam the ED alleged was a detailed aide of F&B enterprise entrepreneurs and an accused turned approver within the excise case, Dinesh Arora. Gautam related to the Oasis group was remanded in ED custody for interrogation until February 15 for additional investigations.
NEW DELHI: The Directorate of Enforcement on Saturday arrested Raghav Magunta – son of YSR Congress MP Magunta Srinivasulu Reddy – one of many individuals concerned within the technology of kickback, out of the ‘tweaked’ Delhi Excise Policy that favoured ‘liquor lobbies’ and induced big losses to the Delhi exchequer. The kickbacks had been allegedly laundered and distributed subsequently amongst middlemen, authorities and politicians.
According to ED sources, the company would search custodial remand on Raghav, who’s the proprietor of the Balaji Group and has been one of many key associates of the South Group liquor foyer which benefited from the tweaked Delhi Excise coverage that induced big losses to the Delhi Government. The South foyer had generated Rs 100 crore of kickback which was obtained by one other accused Vijay Nair on behalf of the AAP.
The ED had earlier this week arrested two individuals – Rajesh Joshi and Gautam Malhotra for his or her alleged involvement within the laundering of the kickbacks generated in Delhi Excise rip-off. Joshi, the proprietor of Chariot Productions Media agency that additionally dealt with campaigns for AAP, was arrested on Thursday for allegedly laundering the kickback cash obtained from Delhi liquor rip-off. Joshi used the liquor kickback to fund AAP’s elections marketing campaign in Goa, the CBI alleged. Joshi, granted ED remand until February 13 is at the moment being interrogated by the company in custody.
Gautam Malhotra, a Punjab-based businessman and son of a former SAD MLA Deepak Malhotra, was additionally arrested on Tuesday evening in reference to the cash laundering investigation linked to alleged irregularities within the Delhi excise coverage case.
Gautam the ED alleged was a detailed aide of F&B enterprise entrepreneurs and an accused turned approver within the excise case, Dinesh Arora. Gautam related to the Oasis group was remanded in ED custody for interrogation until February 15 for additional investigations.
