Archive · 19 Sep 2025
ED Raids Sasikala's Alleged Benami Assets
The Enforcement Directorate (ED) is investigating V K Sasikala, an aide of former Tamil Nadu Chief Minister J Jayalalithaa, for money laundering.
The ED conducted raids in Chennai and Hyderabad on Thursday.
The investigation is related to a bank fraud of about 200 crore rupees and alleged hidden assets.
The raids targeted GRK Reddy, connected to the Marg group, believed to be a stand-in for Sasikala.
The CBI also filed a case related to the bank fraud, which the ED is looking into.
These investigations are being done under the Prevention of Money Laundering Act.
The Enforcement Directorate (ED) conducted searches in Chennai and Hyderabad.
The raids are part of a money laundering investigation.
The investigation is related to an alleged Rs 200 crore bank fraud.
Searches were carried out on premises linked to GRK Reddy of the Marg group.
The CBI also filed an FIR in the bank fraud case.
- Who
- Enforcement Directorate (ED), V K Sasikala, GRK Reddy, CBI
- What
- Searches conducted as part of a money laundering investigation into bank fraud and benami assets.
- When
- Thursday
- Where
- Chennai and Hyderabad
- Why
- To investigate an alleged Rs 200 crore bank fraud and benami assets linked to V K Sasikala.
- Organizations Involved
- Enforcement Directorate (ED), CBI
- Location of Raids
- Chennai, Hyderabad
- Targets of Raids
- GRK Reddy (Marg group), alleged benami of Sasikala
- Investigation Type
- Money laundering, bank fraud, benami assets
- Legal Framework
- Prevention of Money Laundering Act (PMLA)