Overview

• The ED’s Hyderabad unit conducted PMLA searches on September 18 at 20 premises across Hyderabad, Bengaluru, Chennai, Thanjavur, Surat, Raipur, Delhi-NCR and Andhra Pradesh.
• Officials seized ₹38 lakh in unaccounted cash along with bogus invoices, parallel bills showing inflated prices and transport challans carrying non-transport vehicle details.
• Ledgers and device chats indicate overseas remittances of alleged proceeds of crime and point to absconding suspects believed to be in Dubai.
• Investigators say suppliers’ payments were diverted through shell entities, inflated or bogus vendor transactions and private jewellers to convert funds into gold and cash for kickbacks.
• SIT chargesheets allege manual procurement approvals enabled brand suppression and coerced 15–20% kickbacks, and the team has previously arrested YSRCP MP P.V. Midhun Reddy.