GG News Bureau
New Delhi, 11th Feb. Raghav Magunta, son of YSR Congress Party MP from Ongole Magunta Srinivasulu Reddy, has been arrested in connection with the Enforcement Directorate’s money laundering probe into alleged irregularities in the Delhi excise policy case.
Raghav Magunta was arrested on Friday evening under the Prevention of Money Laundering Act (PMLA), they said.
He is expected to appear in a local court, where the federal investigation agency will seek his arrest.
This is the ED’s ninth arrest in this case, and the third this week.
Earlier this week, it arrested Gautam Malhotra, the son of former SAD MLA from Punjab Deep Malhotra, and Rajesh Joshi, the director of an advertising firm called Chariot Productions Media Pvt Ltd.
The agency claimed that the father and son duo were members of the ‘South Group,’ a cartel of liquor retailers, wholesalers, and manufacturers formed as part of the now-defunct Delhi excise policy.
Last year, it searched properties associated with the Member of Parliament.
In this case, the ED has so far filed two charge sheets or prosecution complaints.
The money laundering case is the result of a CBI FIR.
In the CBI and ED complaints, Delhi Deputy Chief Minister Manish Sisodia and other government excise officials were named as defendants.
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