In a major development in the alleged liquor scam in Andhra Pradesh, officials of the Enforcement Directorate in Hyderabad have attached properties belonging to the accused involved in the case.
The ED has attached movable and immovable properties worth around ₹ 441.63 crore belonging to Kesireddy Rajasekhara Reddy, Booneti Chanakya and Donthireddy Vasudeva Reddy along with their family members and related entities.
Pledged assets include fixed deposits, land, bank balances and other real estate. These were attached under the provisions of the Money Laundering Prevention Act. 2002 in connection with an alleged liquor scam, ED officials said on Friday.
The accused allegedly caused a loss of about ₹3,500 crore to the exchequer during the tenure of the previous government.
Several investigative agencies are investigating the liquor syndicate scam. Police have identified more than 50 accused in the case and 16 people allegedly involved have been arrested so far.
Formerly. The Special Investigation Team probing the scam had attached properties located at various places belonging to some of the accused.
The accused, according to investigators, formed a syndicate, disabled the online liquor sales system and implemented a manual checkout system. They allegedly monitored the supply and sale of liquor through government retail outlets.
Some officials of AP State Beverages Corporation Limited allegedly colluded with the syndicate members and resorted to widespread irregularities in issuing supply orders.
Investigators said the tainted funds were channeled through several entities, including Ms Eshanvi Infra Projects Private Limited. Ms. ED Entertainment. Ms. Uni Corporate Solutions Private Limited. Ms. Tag Developers and other companies.
Investigating officers said Kesireddy Rajasekhara Reddy. The main accused in the case. In collaboration with Booneti Chanakya. Muppidi Avinash Reddy. Tukekula Eswar Kiran Kumar Reddy. Palla Dileep. Saif Ahmed and others allegedly collected bribes of about ₹3,500 crore from distillers.
Distilleries such as Adan Distillery Private Limited. Leela Distilleries Private Limited and UV Distilleries are alleged to have been allocated higher business volumes by syndicate members by misusing official and political influence for financial gains.
During the investigation, it was found that the accused suppressed several established liquor brands, promoted select brands and collected bribes. Traders who refused to pay commissions were allegedly denied supply orders and forced out of the market.
The accused allegedly appointed collection agents, set up accounts for the mules and routed the funds through several shell entities. The illegal proceeds were used to invest in real estate, buy gold, and acquire other movable and immovable property.
The PMLA investigation further revealed that shell companies such as Olwick, Arroyo, Ezyload, Kripati and other firms were used to conceal the origin of criminal proceeds and project them as legitimate income.
Published – March 6, 2026 10:02 PM IST
