ED raids ex-Telangana minister’s son-in-law in money laundering probe, seizes crores in cash

The Enforcement Directorate (ED) said in a statement that it has seized “a large amount of incriminating evidence, unaccounted cash to the tune of Rs 3 core, jewellery worth Rs 1 crore, blank cheques, property papers and several lockers" during the raids at seven locations in Hyderabad.

The Enforcement Directorate (ED) on Saturday conducted raids at seven locations in Hyderabad against the son-in-law of former state minister late Nayini Narsimha Reddy and others in connection with a money-laundering probe linked to alleged fraud in the Telangana IMS (Insurance Medical Services) ESI (Employees State Insurance) Department. The ED in a statement said that it has seized “a large amount of incriminating evidence, unaccounted cash to the tune of Rs 3 core, jewellery worth Rs 1 crore, blank cheques, property papers and several lockers.” Apart from Srinivas Reddy, searches were also conducted at the house of Mukunda Reddy, the personal secretary to the former minister, Devika Rani, suspended director of IMS, her husband Srihari Babu alias Babji of Omni Group, M Vinay Reddy, brother-in-law of Mukunda Reddy, businessman Burra Pramod Reddy and the business premises of Omni Medi.