GG News Bureau
New Delhi, 10th Nov. The ED has arrested two company executives linked to the liquor trade as part of its money laundering investigation into the now-cancelled Delhi Excise policy case.
They said Benoy Babu of Pernod Ricard and Sharath Reddy of Aurobindo Pharma were arrested for violating sections of the Prevention of Money Laundering Act (PMLA).
So far, the Enforcement Directorate (ED) has conducted several raids in this case. It arrested Sameer Mahandru, the managing director of the liquor manufacturing company Indospirit, in September.
The agency raided the home of Delhi Deputy Chief Minister Manish Sisodia’s PA earlier this month and questioned him at its Delhi office.
The money laundering case stems from a CBI FIR that named Sisodia among others as an accused. Following the filing of the case, the CBI raided the offices of the deputy chief minister and some Delhi government bureaucrats.
After the Delhi LG recommended a CBI investigation into alleged irregularities in the implementation of Delhi’s Excise Policy 2021-22, the excise scheme came under scrutiny. In addition, the LG had suspended 11 excise officials.
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