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ED summons YSRC MP Magunta Sreenivasulu Reddy in Delhi excise case

The Enforcement Directorate (ED) on Friday issued a summon to Ongole YSR Congress (YSRC) MP Magunta Sreenivasulu Reddy, to look earlier than them on March 18, in reference to the Delhi excise coverage rip-off.

There are prospects that ED could be confronting Sreenivasulu Reddy with Hyderabad-based businessman Arun Ramachandra Pillai arrested for cash laundering within the excise case. The MP’s son, Magunta Raghava Reddy, was earlier arrested within the rip-off.

The ED has claimed within the supplementary cost sheet that Vijay Nair, on behalf of leaders of AAP obtained kickbacks to the tune of Rs 100 crore from South Group, whose outstanding individuals are Magunta Srinivasulu Reddy, Raghav Magunta, Sarath Reddy and Okay Kavitha, the daughter of Telangana Chief Minister Okay Chandrasekhar Rao.

The ED had arrested Punjab-based businessman Gautam Malhotra and one Rajesh Joshi, an aide of Vijay Nair. It was alleged that Joshi obtained cash from Nair for Goa election. This cash was proceeds of crime generated by way of Excise coverage rip-off. Their interrogation led to the arrest of Magunta Raghava Reddy.

Now, the ED is additional probing the matter.

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