Delhi liquor scam: Raghava gets bail

Hyderabad: A special court for Enforcement Directorate (ED) cases at Delhi granted bail to Delhi liquor scam accused Magunta Raghava Reddy on health grounds. The court granted him bail for four weeks and directed him to appear before the investigating agency as and when required and to cooperate with the investigation.

In another development, a CBI court in Delhi granted permission to Gorantla Buchi Babu, another accused in the liquor scam and former auditor of BRS MLA Kalvakuntla Kavitha, to travel abroad. He is already out on bail since April.

Raghava, the son of YSRC MP from Ongole Magunta Srinivasulu Reddy, is also one of the main accused in the liquor scam and was arrested by the ED in February and has since been lodged in judicial remand. His earlier bail petitions were dismissed by the court after the ED opposed them.

Raghava is the owner of liquor manufacturing units located in Chennai and according to ED he controlled two retail zones in violation of the Excise. The ED alleged that Raghava, through his associate Prem Rahul Manduri, held a 32.5 per cent stake in Indo Spirits, which held L1 wholesale licence and alleged that Raghava had paid a huge amount for the same, to the other accused.

( Source : Deccan Chronicle. )
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