INSUBCONTINENT EXCLUSIVE:
VIJAYAWADA/NEW DELHI: Officials of the Enforcement Directorate (ED) late on Friday night apprehended Magunta Raghava Reddy, boy of YSR
Congress (YSRC) MP from Ongole Magunta Srinivasulu Reddy
He was arrested after officials questioned him for several hours at the ED head office in Delhi.Raghava, held under the Prevention of Money
Laundering Act (PMLA), was produced before the CBI unique court in Delhi on Saturday and remanded in 10-day custody.The arrest came at a
time when the Ongole MP was preparing to release his boy into politics ahead of the 2024 general elections
Srinivasulu has close contacts with several celebrations, though he presently represents the YSRC
He has actually been MP from Ongole and Nellore representing Congress and the TDP in the past
He likewise delights in ties with some popular national-level BJP leaders.In its additional prosecution complaint submitted just recently in
the alleged Delhi import tax policy rip-off, ED had actually accused AAP communications primary Vijay Nair of receiving a bribe of Rs 100
crore from what has actually been called the South Group
ED detectives have declared that the group is handled by Raghava, non-executive director of Aurobindo Pharma Sarath Reddy and Telangana CM K
Chandrashekar Raos child K Kavitha, who is also a Telangana legislative council member.Raghavas name had actually cropped up in the initial
query into the fraud a number of months before his arrest
Nevertheless, his father had actually rejected his involvement
The Magunta family has been in the alcohol business for several years now
They have actually been the South India suppliers for the UB Group, which is based in Karnataka.According to the ED, Trident Chemphar Ltd, a
group business of Aurobindo Pharma, managed 2 zones in Delhi for liquor distribution, besides 2 zones by Avantika Contractors Pvt Ltd and
one zone by Organomix Ecosystems, all managed by Sarath
Sarath Reddy Penaka is a crucial partner of the South Group
The other partners are Magunta Srinivasulu Reddy, Raghav Magunta, Sarath Reddy and K Kavitha
The group provided Rs 100 crore kickbacks ahead of time to the AAP leaders through Vijay Nair, the ED has actually submitted in its
chargesheet submitted in an unique PMLA court.
