Overview

• ED teams searched around 20 locations on September 18 across Hyderabad, Bengaluru, Chennai, Thanjavur, Surat, Raipur, Delhi NCR and Andhra Pradesh under the PMLA.
• Investigators recovered ₹38 lakh in unaccounted cash and seized bogus invoices, transport challans carrying non-transport vehicle details, and parallel invoices showing inflated prices.
• Seized devices and ledgers, according to the ED, contain chats indicating involvement of accused believed to be in Dubai and remittances abroad of proceeds of crime worth several crores.
• The probe tracks alleged kickback generation after procurement moved to manual approvals, with 15–20% demands, shell entities, fake vendor payments and transfers to jewellers for gold and cash.
• The current action follows a CID/SIT FIR pegging losses near ₹4,000 crore, with three chargesheets filed and YSRCP MP P.V. Midhun Reddy previously arrested, as the ED continues tracing funds and assets.