Crackdown on Rs 3,500 Crore Liquor Scam: ED Raids Multiple States
The Enforcement Directorate (ED) conducted a series of raids in multiple states as part of a money laundering investigation into a Rs 3,500 crore liquor scam in Andhra Pradesh. The raids covered 20 locations linked to entities allegedly facilitating illicit payments through bogus invoices.
- Country:
- India
In a major development, the Enforcement Directorate (ED) launched a sweeping examination of a suspected Rs 3,500 crore liquor scam by conducting simultaneous searches across multiple Indian states on Thursday.
The raids spread across Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, and Delhi-NCR, focused on locations tied to various entities and individuals. These parties are accused of channeling illicit kickbacks using inflated or fictitious invoices.
Among those scrutinized were premises associated with several entities, including Arete Institute of Medical Sciences, Shree Jewellers Eximp, and N R Udhyog LLP. Additional entities like The India Fruits Pvt. Ltd. in Chennai and Mohan Lal Jewellers were also under the ED's radar.
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