Share:
Telangana: Enforcement Directorate takes action on Nayani Narasimha Reddy's son-in-law's hideouts
Telangana: Enforcement Directorate takes action on Nayani Narasimha Reddy's son-in-law's hideouts

Hyderabad: A number of cases have been coming out of the country for some time, in the meantime, the Enforcement Directorate (ED) on Saturday said that it has an ex-minister in Telangana in connection with the money-laundering investigation related to alleged fraud in IMS and ESIC departments in the state Raids were conducted at several places including the premises of the son-in-law of late Nayani Narasimha Reddy.

The Central Investigation Agency said in a statement that it has "recovered a large amount of prosecution evidence, three crore rupees cash without accounting, property papers and lockers" etc. in search at seven places in Hyderabad. He said that the raids are still on. According to him, the residential complexes of Dr. Devika Rani, Srihari Babu alias Babaji, V Srinivasa Reddy (Nayani Narasimha Reddy's son), M Vinay Reddy (Mukund Reddy's relative), Burra Pramod Reddy, and Omni Medi's business premises were searched.

The Enforcement Directorate stated, "From the premises of Srinivas Reddy, Burra Pramod Reddy, and M. Vinay Reddy, about Rs. 1.50 crore, Rs. 1.15 crore and Rs. 45 lakh, blank checks of Rs. 1 crore including jewelry, without accounting, Property papers, and lockers were confiscated". She said that she based on the eight FIRs filed by the Anti-Corruption Bureau of Telangana, that she was the current Director of Insurance Medical Services (IMS), Dr. Devika Rani, her husband, and Omni Group Shrihari Babu alias Babaji had initiated an investigation against seven others under the provisions of the Prevention of Money Laundering Act.

Also Read:

PM Modi pays tributes to Mahatma Jyotiba Phule says, he inspired future generations

This is the world's most expensive mask, the price will blow senses

Health For All: Don’t be hesitant while taking COVID-19 vaccine

रिलेटेड टॉपिक्स
Join NewsTrack Whatsapp group