The Enforcement Directorate (ED) on Thursday arrested Raj Kesireddy, who is alleged to be the mastermind in the Transport Scam case linked to the Andhra Pradesh State Beverages Corporation Ltd (APSBCL). The arrest was made under the Prevention of Money Laundering Act (PMLA).
Key Arrests in the Case
Kesireddy, who previously served as an IT advisor to the Andhra Pradesh government, was arrested along with D Vasudeva Reddy, the former Managing Director of APSBCL. The arrests followed searches conducted by the ED's Hyderabad zonal office at five premises linked to persons allegedly involved in the case.
Financial Irregularities
According to officials, the accused persons caused a wrongful loss of approximately Rs 195.33 crore to the government exchequer while allegedly deriving corresponding unlawful gains for themselves and their associates.
Recoveries During Searches
During the searches, ED officials recovered Rs 8 lakh in cash, two Rolex watches, premium vehicles, and incriminating documents and digital devices. Further investigation in the case is underway.
