Particle.news

Download on the App Store

SIT Files Chargesheet, Secures Custody of YSRCP MP in ₹3,200 Crore Liquor Scam

PV Midhun Reddy remains in judicial custody until August 1 with a chargesheet detailing alleged excise-policy manipulation, including details of ₹62 crore seized from shell-company kickbacks

Image
Image
BJP spokesperson Sadineni Yamini Sharma (L) and YSRCP MP Midhun Reddy (R) | ANI
Image

Overview

  • After the Supreme Court refused him protection on July 18, PV Midhun Reddy appeared before the SIT in Vijayawada and was detained following a seven-hour interrogation
  • The 300-page chargesheet filed on July 20 compiles over 100 forensic lab reports, electronic evidence and remand records while referencing testimony from 268 witnesses and 11 individuals
  • Investigators have traced kickback payments through shell companies and seized ₹62 crore in assets linked to the alleged diversion of excise funds
  • Parallel Enforcement Directorate proceedings under the Prevention of Money Laundering Act continue to probe financial transactions tied to the liquor policy YSRCP leaders have condemned the action as a TDP-led political vendetta intended to weaken opposition figures before forthcoming elections