New Delhi: The Enforcement Directorate (ED) on Saturday filed against Telangana Insurance Medical Services (IMM) Employees’ State Insurance (ESI) Department in connection with a money-laundering investigation related to alleged fraud in Hyderabad, against the son-in-law of former state minister late Nayini Narasimha Reddy and others Raided seven places in
The ED said in a statement that it had “seized as much as Rs 3 crore of unaccounted cash, Rs 1 crore worth of jewelery, blank checks, property papers and several lockers as evidence.”
Besides Srinivas Reddy, the business premises of former minister Devika Rani’s personal secretary, Mukunda Reddy’s house, suspended IMS director Devika Rani, Omni Group’s Srihari Babu alias Babaji, M Vinay Reddy, Mukunda Reddy, businessmen Burra Pramod Reddy and Omni Medi But search was also done.
ED officials seized Rs 1.50 crore from Srinivas Reddy’s house, Rs 1.15 crore from Pramod Reddy and Rs 45 lakh from Vinay Reddy. Documents and digital evidence were also seized during the raid.
The ED also said that a money-laundering probe was launched against the then director Dr Devika Rani, her husband and several others on allegations of financial irregularities based on eight FIRs filed by the Anti-Corruption Bureau (ACB) of Telangana. Purchase and supply of medicines, surgical kits, huge price increases, gross deviations from ESIC and government norms, manufacture of fake indents, fake bills, diversion of medicines etc. are many things.
“The scam has reduced the Proceedings of Crime (POC) from about Rs 100 to Rs 200 crore,” the official said.