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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.
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.
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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.