Highlights
The case is related to allegations of financial irregularities in the purchase and supply of medicines and surgical kits.
The raids started early Saturday morning and continued till late in the night.
New Delhi: The Enforcement Directorate (ED) on Saturday raided seven locations in Hyderabad and recovered Rs 3 crore in cash, jewelery and property documents. The ED raids were conducted in a money laundering case related into Telangana IMS (Insurance Medical Services) ESI Department. The raids started early Saturday morning and continued till late in the night.
The case is related to allegations of financial irregularities in the purchase and supply of medicines and surgical kits, huge price escalation, creation of fake indents, fake bills, diversion of medicines and falsification of records.
ED conducts raids at seven locations in Telangana, including former minister s relative ANI | Updated: Apr 11, 2021 00:23 IST
Hyderabad (Telangana) [India], April 11 (ANI): Enforcement Directorate (ED) sleuths on Saturday conducted raids at seven locations in Telangana, including residences of Srinivas Reddy, the son-in-law of former Telangana Home Minister Naini N Reddy and his associates 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.
ED seized cash worth Rs 3 crore, jewellery worth Rs 1 crore, blank cheques, property papers and digital devices from the residences of Srinivas Reddy and his associates.
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