Hyderabad, Jun 11 (PTI) The Enforcement Directorate on Thursday raided multiple premises, including that of former YSRCP minister Karumuri Nageswara Rao, in a money laundering case linked to an alleged Rs 195 crore liquor transport scam in Andhra Pradesh, officials said.
They said a total of five premises of persons allegedly involved in the case were searched. This included the premises of former civil supplies minister K Nageswara Rao and his son.
The searches were conducted under the Prevention of Money Laundering Act.
The investigation is related to the Andhra Pradesh State Beverages Corporation Ltd.
ED officials claimed that the accused persons caused wrongful loss to the tune of Rs 195.33 crore to the government exchequer.
During the raids, Rs 8 lakh in cash, two Rolex watches, some vehicles, “incriminating” documents and digital devices were recovered, officials said, without clarifying from whose premises the seizures were effected. PTI NES RUK RUK
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.