Overview
- Forensic teams used advanced digital tools to retrieve encrypted footage from Venkatesh Naidu’s phone revealing him counting bundles of cash estimated at ₹35 crore.
- The recovered video is believed to depict funds separate from the ₹11 crore already seized and is under review to verify its authenticity and date.
- Preliminary inquiries suggest the cash may have been routed through hawala channels and shell companies to support the 2024 Assembly and general election campaigns.
- YSRCP leaders contend that the presence of demonetised ₹2,000 notes in the footage undermines its relevance to the liquor scam and accuse the probe of political targeting.
- Authorities anticipate further arrests and expanded digital and financial forensics as they deepen their investigation into the estimated ₹3,500-crore kickback network.