• Home
  • About US
  • Contact Us
  • Privacy Policy
  • Terms of Use

Archives

  • October 2026
  • September 2026
  • August 2026
  • July 2026
  • June 2026
  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • March 2022
  • February 2022
  • January 2022
  • November 2019

Categories

  • Auto
  • Business
  • Climate & Earth
  • Coronavirus
  • Crypto
  • Entertainment
  • Happiness Basket
  • India
  • Learn | Unlearn | Relearn
  • Lifestyle
  • Politics
  • Research Discoveries
  • Science & Technology
  • Sports
  • Trending
  • Video
  • World
  • Home
  • About US
  • Contact Us
  • Privacy Policy
  • Terms of Use
Read Selective
  • World
  • Politics
  • India
  • Business
  • Entertainment
  • Lifestyle
  • Auto
  • Crypto
  • Coronavirus
  • Happiness Basket
  • Research Discoveries
  • India

Andhra liquor scam: ED probe reveals Rs 1,048 crore money trail, Rs 100 crore illegal income per month

  • March 7, 2026

The manual OFS regime was misused to discriminate against established liquor brands, which were deliberately marginalized or removed from the market.

Image used for representational purpose only Credit: iStock Photo

The Enforcement Directorate which has launched a probe into the alleged liquor scam taken place during YSRCP regime in Andhra Pradesh has so far found a money trail of Rs 1,048.45 Crore in the form of kickbacks which several liquor distilleries were compelled to pay in the form of cash, gold, etc. as well as in the form of control and operation of some distilleries by the liquor syndicate and also in the form of financial gains derived from transport of liquor.

ED initiated investigation on the basis of FIR registered by Andhra Pradesh CID, under section 120-B, 409 & 420 of IPC, 1860 on the complaint of Principal Secretary to Government of Andhra Pradesh, for loss to the Government exchequer to the tune of Rs 4000 Crore.

PMLA investigation has revealed that the proceeds of crime were used for purchase of immovable properties and personal enrichment of the members of liquor syndicate and their associates. Substantial portion of the Proceeds of Crime has been found to be concealed or dissipated by the accused persons.

ED investigation revealed that through manipulation of procurement and supply mechanisms, the syndicate generated illegal revenues estimated at approximately Rs 100 Crore per month, resulting in wrongful personal enrichment while causing corresponding loss to the State exchequer. The investigation has revealed that physical cash kickbacks were collected and stored at multiple locations in Hyderabad, from where they were subsequently moved, distributed, or disposed of by designated cash handlers of the syndicate.

ED on Friday has attached movable and immovable properties worth Rs 441.63 Crore belonging to Kessireddy Rajasekhara Reddy, his family members and related entities; Booneti Chanakya and his related entities; relatives and entities of Donthireddy Vasudeva Reddy; and other persons and entities under the provisions of Prevention of Money Laundering Act (PMLA), 2002. The attached properties are in the form of bank balances, fixed deposits, land parcels and other immovable properties. Rajasekhar Reddy, Chanakya, and Vasudeva Reddy a civil servant are the main accused in the case registered by the CID and ED.

PMLA investigation has revealed that prior to the year 2019, the liquor trade in Andhra Pradesh was regulated through a transparent and automated software system, which ensured end to-end digital tracking of procurement, supply, and sales, thereby leaving a verifiable electronic audit trail.

Subsequent to the 2019 Assembly elections, the newly formed State Government monopolized retail liquor outlets through Government Retail Outlets (GROs) operated by the Andhra Pradesh State Beverages Corporation Limited (APSBCL). As part of the criminal conspiracy, the automated system was deliberately disabled and replaced with a manual system, thereby vesting unfettered discretionary powers with APSBCL officials in the issuance of Orders for Supply (OFS), said ED.

The manual OFS regime was misused to discriminate against established liquor brands, which were deliberately marginalized or removed from the market. Simultaneously, preferential and irregular allocations were extended to select “favoured” brands on receipt of kickbacks. As part of the scheme, the syndicate promoted the introduction of “similar-sounding brands” (SSBs) with artificially inflated basic prices. This pricing manipulation enabled the distilleries manufacturing such brands to generate surplus margins, which were utilized to meet the illegal monetary demands of the cartel.

PMLA investigation further revealed that distilleries were coerced into paying illegal kickbacks ranging from 15% to 20% of the basic price per case as a precondition for receiving OFS approvals. Manufacturers who refused to comply were subjected to coercive measures, including withholding legitimate payments and rejection of supply orders.

Communications relating to the demand and collection of kickbacks were carried out through encrypted VOIP calls and applications such as Signal, in order to conceal the identities and roles of key operatives, including Booneti Chanakya alias Prakash, Muppidi Avinash alias Sumeeth, and Mohammed Saif.

ED investigation revealed that Kessireddy Rajasekhara Reddy, along-with other members of the liquor syndicate, orchestrated a multi-crore scam in liquor procurement and distribution system. The scam primarily involved control and manipulation of the procurement process of APSBCL, leading to an estimated wrongful loss of Rs 3,500 Crores to the state exchequer. The Proceeds of Crime generated from this scam were laundered and distributed among the members of the syndicate for personal enrichment.

Investigation has also brought on record that the accused established and/or acquired control over several distilleries, which were utilized as Special Purpose Vehicles for generation of proceeds of crime. Entities such as M/s Adan Distillery Pvt. Ltd., M/s Leela Distilleries Pvt. Ltd. and M/s U.V. Distilleries were operated under the effective control of the syndicate and were granted disproportionately high business volumes by abusing political and administrative influence to acquire Proceeds of Crime in form of financial gains arising out of the operations of such distilleries.

Source : https://www.deccanherald.com/india/andhra-pradesh/andhra-liquor-scam-ed-probe-reveals-rs-1048-crore-money-trail-rs-100-crore-illegal-income-per-month-3922524

Previous Article
  • India

Taranjit Singh Sandhu is Delhi’s new lieutenant governor, to replace Vinai Kumar Saxena

  • March 6, 2026
View Post
Next Article
  • India

Karnataka Budget: Kids off social media; Mysuru to be IT hub

  • March 7, 2026
View Post
You May Also Like
View Post
  • India

Bhagwant Mann stopped for 3 hours at Delhi airport, fined Rs 50,000, claims AAP

  • October 21, 2026
View Post
  • India

BJP mocks Rahul Gandhi for Vietnam trip amid SIR protests, Congress hits back

  • October 21, 2026
View Post
  • India

Months after Yusuf Pathan’s TMC exit, Gujarat allots him disputed Vadodara plot

  • October 21, 2026
View Post
  • India

Salman Khan was original target, Tiger Shroff an ‘easy second choice’ for Lawrence Bishnoi gang: Mumbai Police sources

  • October 21, 2026
View Post
  • India

Delhi Police arrests 4 others in Tiger Shroff shooting; Maharashtra cops get 3-day transit remand for accused

  • October 21, 2026
View Post
  • India

UN experts slam India’s ‘heavy-handed’ crackdown on youth-led protests

  • October 21, 2026
View Post
  • India

Amit Shah Attacks AAP Govt In Punjab, Says Those Raising Voices Against Drug Menace Not Safe

  • October 21, 2026
View Post
  • India

Delhi Police Transfers Another Case Against CJP Leaders Saurav Das, Ashutosh Ranka To Crime Branch

  • October 21, 2026

Recent Posts

  • Bhagwant Mann stopped for 3 hours at Delhi airport, fined Rs 50,000, claims AAP
  • BJP mocks Rahul Gandhi for Vietnam trip amid SIR protests, Congress hits back
  • Months after Yusuf Pathan’s TMC exit, Gujarat allots him disputed Vadodara plot
  • Salman Khan was original target, Tiger Shroff an ‘easy second choice’ for Lawrence Bishnoi gang: Mumbai Police sources
  • Delhi Police arrests 4 others in Tiger Shroff shooting; Maharashtra cops get 3-day transit remand for accused
Categories
  • Auto (43)
  • Business (461)
  • Climate & Earth (16)
  • Coronavirus (17)
  • Crypto (26)
  • Entertainment (852)
  • Happiness Basket (7)
  • India (6,078)
  • Learn | Unlearn | Relearn (163)
  • Lifestyle (329)
  • Politics (95)
  • Research Discoveries (434)
  • Science & Technology (459)
  • Sports (1,006)
  • Trending (1,733)
  • Video (1)
  • World (9,982)
Read Selective

For Feedbacks, Advertisements or Any Other Concerns mail us at info@readselective.com

Pages
  • Home
  • About US
  • Contact Us
  • Privacy Policy
  • Terms of Use
Categories
  • Auto
  • Business
  • Climate & Earth
  • Coronavirus
  • Crypto
  • Entertainment
  • Happiness Basket
  • India
  • Learn | Unlearn | Relearn
  • Lifestyle
  • Politics
  • Research Discoveries
  • Science & Technology
  • Sports
  • Trending
  • Video
  • World
© 2024 Read Selective | Developed by SUGARA Technologies
  • Home
  • About US
  • Contact Us
  • Privacy Policy
  • Terms of Use

Input your search keywords and press Enter.

Go to mobile version