Rs 3,500 Crore Liquor Scam Unraveled: Cash Seizure in Hyderabad
A Special Investigation Team (SIT) seized Rs 11 crore in cash near Hyderabad during a probe into a Rs 3,500 crore liquor scam. Varun Purushotham, an accused, disclosed information leading to the raids. Authorities expect more arrests as financial transactions and political ties are tracked.
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- India
The Special Investigation Team (SIT), currently investigating an alleged liquor scam worth Rs 3,500 crore, made a significant breakthrough on Wednesday. Acting on information provided by Varun Purushotham, accused as number 40 in the case, the team seized Rs 11 crore in cash from a farmhouse near Hyderabad.
The scam allegedly involves a complex network of shell companies, kickbacks, and political protection, dating back to the previous YSRCP government from 2018 to 2024. Sources indicate that the investigation could reveal even more extensive fraudulent activities.
Further raids and apprehensions are anticipated as the SIT continues to monitor both financial and political connections. These new developments have heightened scrutiny over alleged corruption and misuse of power within the state's political framework.
(With inputs from agencies.)
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