Dubai Links Unveiled in Andhra Pradesh Liquor Scam as ED Broadens Probe
In a significant development, the Enforcement Directorate (ED) has uncovered evidence suggesting the role of absconders, allegedly in Dubai, in the multi-crore Andhra Pradesh liquor scam. A detailed investigation unearthed the remittance of Proceeds of Crime abroad, revealing widespread financial malpractices linked to the state's revised liquor policy.
- Country:
- India
The Andhra Pradesh liquor scam has taken a dramatic turn as the Enforcement Directorate (ED) uncovers fresh evidence linking absconders, presumed to be in Dubai, to the extensive financial irregularities. ED's investigation has found that Proceeds of Crime (POC) were sent abroad, adding an international dimension to the already complex case.
The investigation, conducted by ED's Hyderabad zonal office on September 18, spanned multiple cities including Bengaluru, Chennai, and Delhi NCR. During the operation, devices indicating the involvement of certain absconders were seized, bringing attention to the international connections in the scam. Additionally, bogus invoices and fraudulent transactions were uncovered, shedding light on the mechanics of the financial misdeeds.
This probe builds on earlier findings from the Andhra Pradesh government's Special Investigation Team, alleging manipulations under a new liquor policy. The accused reportedly promoted spurious brands over established ones, securing kickbacks through manipulated transactions, false vendor payments, and shell companies. The implications of these financial manipulations are far-reaching, spotlighting systemic corruption in the procurement and distribution processes.
(With inputs from agencies.)
Google News