World · India Bureau
ED raids YSRCP MP's premises in money laundering probe linked to murder case
The Enforcement Directorate has intensified investigations into alleged money laundering connected to a high-profile murder case, conducting raids at multiple locations in Hyderabad and Kadapa. The operation targeted properties associated with YSRCP parliamentarian Avinash Reddy and others.
LSN India ·
The Enforcement Directorate on Tuesday conducted simultaneous searches across six locations in Hyderabad and Kadapa as part of a money laundering investigation linked to the Vivekananda Reddy murder case. The raids targeted residential and commercial premises of YSRCP member of parliament Avinash Reddy and Bhaskar Reddy, sources said.
The action represents a significant escalation in the ED's probe into financial irregularities allegedly connected to the high-profile murder. The agency has been examining suspicious financial transactions and asset accumulation patterns in connection with the case, which has drawn considerable public attention.
Details of the specific findings during the raids remained unavailable, though sources indicated the operation was focused on documentary evidence and financial records. The searches are part of the ED's broader investigation into the movement of funds through various channels allegedly linked to the case.
The YSRCP has not issued an immediate response to the searches. The development comes amid ongoing scrutiny of financial dealings related to the matter by central investigative agencies. Further details are expected as the investigation progresses.