AP Liquor Transport Scam: ED Expedites Investigation
The ED sleuths identified that Sigma Supply Chain Solutions and Prasad Transport were the fronts for a syndicated managed by the YSRC leaders. Raj Kasireddy drew the sketch for the Rs 195.33-crore money laundering scam
The Enforcement Directorate (ED) has expedited investigation into the AP Liquor transport scam.
The ED Sleuths identified that Sigma Supply Chain Solutions Pvt. Ltd. continued to transport liquor even after the expiry of the allocated contract to it, which led to a loss to the government exchequer.
The ED sleuths identified that Sigma Supply Chain Solutions and Prasad Transport were the fronts for a syndicated managed by the YSRC leaders. Raj Kasireddy drew the sketch for the Rs 195.33-crore money laundering scam. Raj and Vasudeva Reddy, who worked as the Beverages Corporation MD then, managed the transactions. For transporting one crate of liquor bottles, Rs 1.96 was charged but on the papers, it was increased to Rs 35.57, the ED investigation revealed.
By doing so, the YSRC leaders accrued a benefit of Rs 195.33 crore. In the documents, Sigma and Prasad were shown as the executors of the contract but Raj Kasireddy and Vasudeva Reddy managed the actual operations in the backend.