1 day ago
ED Probes Rs 40-Crore Hawala Trail in Murder Case
The Enforcement Directorate is following money connected to the murder of YS Vivekananda Reddy.
Investigators suspect that about Rs 40 crore may have been used or promised in connection with the alleged conspiracy.
They are checking whether some of the money moved through secret hawala channels.
Sheik Dastagiri, who was accused in the case and later became an approver, answered questions from officials.
He gave them financial records from 2018 to 2024.
He had earlier said that he was promised Rs 5 crore and had received Rs 1 crore.
Investigators also recovered cash from a locker linked to Syed Munna, according to the article.
The ED may question MP YS Avinash Reddy about Rs 24 lakh allegedly seized at his home and inspect two lockers.
The agency says it is studying the money trail and may question other accused people.
The Enforcement Directorate questioned accused-turned-approver Sheik Dastagiri about alleged hawala transactions linked to the murder case.
The ED suspects Rs 40 crore was intended to be distributed among alleged perpetrators, based on statements recorded by the Central Bureau of Investigation.
Dastagiri submitted financial records covering 2018 to 2024 and was questioned about his income, assets, and family properties.
The ED is likely to question Kadapa MP YS Avinash Reddy over Rs 24 lakh allegedly seized at his residence and plans to verify two lockers.
Dastagiri told investigators he was promised Rs 5 crore and had received Rs 1 crore, from which Rs 75 lakh was given to Syed Munna.
- Who
- The Enforcement Directorate, Sheik Dastagiri, YS Avinash Reddy, and other people accused in the YS Vivekananda Reddy murder case.
- What
- The ED is investigating alleged hawala transactions and money laundering involving funds reportedly connected to the murder conspiracy.
- Where
- Dastagiri was questioned at the ED office in Hyderabad, while searches and related actions took place in Hyderabad and Kadapa.
- When
- Dastagiri was questioned on Thursday; the submitted financial records cover 2018 to 2024.
- Why
- The ED is tracing alleged illicit cash flows and identifying people who may have handled money connected to the alleged criminal conspiracy.
Key facts
- Investigating agency
- Enforcement Directorate
- Legal framework
- Prevention of Money Laundering Act
- Suspected amount
- Rs 40 crore allegedly intended to be distributed among alleged perpetrators
- Cash allegedly seized at Avinash Reddy’s residence
- Rs 24 lakh
- Dastagiri’s financial records
- Statements covering 2018 to 2024
- Payment Dastagiri said he was promised
- Rs 5 crore
- Cash recovered from Syed Munna’s linked lockers
- Rs 46.70 lakh, according to the article
Sources
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