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Telangana IMS scam: ED conducts searches at seven places, seizes Rs 3.10 crores, jewellery
ED has seized large amount of incriminating evidence, huge amount of unaccounted cash to the tune of Rs 3 Crore, a crore worth of jewellery and more.
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Updated: Apr 10, 2021, 11:17 PM IST
The Enforcement Directorate (ED) on Saturday (April 10) conducted searches at seven places in Hyderabad in connection with the money laundering investigation into the large scale scam in Telangana IMS (Insurance Medical Services) ESI (Employees State Insurance) Department.
ED has seized large amount of incriminating evidence, huge amount of unaccounted cash to the tune of Rs 3 Crore, a crore worth of jewellery, blank cheques, property papers, lockers etc.
ED raids in IMS, ESI scams
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Searches carried out in the house of son-in-law of former Home Minister
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Searches carried out in the house of son-in-law of former Home Minister
The Enforcement Directorate (ED) on Saturday carried out simultaneous searches at seven places in Hyderabad in connection with the investigation into money laundering in a multi-crore scam in TS Insurance Medical Services (IMS) and Employees State Insurance Corporation (ESIC) two years ago. The searches that commenced in the morning continued till late Saturday evening.
Incriminating evidence
A release later said ED had seized large amounts of incriminating evidence, unaccounted cash to the tune of ₹3 crore, ₹1 crore worth jewellery, blank cheques, property papers, and lockers.
Probe Agency Conducts Raids In Telangana, Including Ex-Minister s Family Probe Agency Conducts Raids In Telangana, Including Ex-Minister s Family The central probe agency in a statement said that it has seized a large amount of incriminating evidence, unaccounted cash to the tune of Rs 3 crore, jewellery of Rs 1 crore, blank cheques, property papers and lockers etc during searches at seven locations in Hyderabad. The scam has generated proceeds of crime of about Rs 100-Rs 200 crore, the ED alleged.
New Delhi:
The Enforcement Directorate on Saturday said it conducted raids in Telangana, including against the son-in-law of former state minister late Nayani Narsimha Reddy, in connection with a money laundering probe linked to alleged fraud in the IMS and ESIC departments of the state.