The Enforcement Directorate on Saturday mentioned it carried out raids in Telangana, together with in opposition to the son-in-law of former state minister late Nayani Narsimha Reddy, in reference to a cash laundering probe linked to alleged fraud within the IMS and ESIC departments of the state.
The central probe company in a press release mentioned that it has seized a “great amount of incriminating proof, unaccounted money to the tune of Rs 3 crore, jewelry of Rs 1 crore, clean cheques, property papers and lockers and many others” throughout searches at seven places in Hyderabad.
Raids are nonetheless being carried out, the Enforcement Directorate (ED) mentioned.
Searches had been carried out on the residential premises of Dr Devika Rani, Srihari Babu alias Babji, V Srinivas Reddy, the son-in-law of Nayani Narsimha Reddy, Mukunda Reddy, private secretary to the previous minister, M Vinay Reddy, the brother-in-law of Mukunda Reddy, Burra Pramod Reddy and enterprise premises of Omni Medi, it mentioned.
“Unaccounted money of round Rs 1.50 crore, Rs 1.15 crore, Rs 45 lakh was seized from the residential premises of V Srinivas Reddy, Burra Pramod Reddy and M Vinay Reddy respectively,” the ED mentioned.
The company mentioned it initiated the probe within the case beneath provisions of the Prevention of Cash Laundering Act (PMLA) in opposition to the then director for IMS (Insurance coverage Medical Providers) Dr Devika Rani, her husband Srihari Babu alias Babji of Omni Group and several other others on the premise of eight FIRs registered by the Telangana anti-corruption bureau.
The bureau charged them on allegations of economic irregularities within the buy and provide of medicines and surgical kits, large value escalation, gross deviations from the Worker State Insurance coverage Company (ESIC) and authorities norms.
They had been additionally charged for creation of faux indents, faux payments, diversion of medicines, falsification of data amongst others.
“The rip-off has generated proceeds of crime of about Rs 100-Rs 200 crore,” it alleged.