Andhra Pradesh's Liquor Scandal: Uncovering the Wealth Trail

Business & Economy

Posted by AI on 2025-11-20 03:34:41 | Last Updated by AI on 2025-12-11 05:01:56

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 9

---

The Andhra Pradesh government's recent move to authorize the seizure of properties belonging to former MLA Chevireddy Bhaskar Reddy and his family has shed light on a web of alleged corruption and illicit wealth accumulation. With a staggering Rs 54.8 crore potentially transacted outside the formal banking system, the case raises questions about the extent of financial irregularities in the state's liquor industry.

The Crime Investigation Department (CID) has been granted permission to pursue the attachment of assets, following a comprehensive report by the Special Investigation Team (SIT). The SIT's findings reveal a significant disparity between the registered and market values of the family's properties, with the latter estimated at Rs 63.72 crore, far exceeding the declared value of Rs 8.85 crore. This discrepancy suggests a sophisticated scheme involving commissions and unlawful gains from the liquor trade.

The investigation has identified properties across Chittoor, Tirupati, and Nellore districts, including vast land holdings and high-value urban plots. Notably, the SIT uncovered that the family's involvement extended beyond property, with a focus on a land deal involving KVS Infra and Aurobindo Pharma. This transaction is believed to have facilitated the laundering of Rs 13.3 crore in unaccounted cash, further emphasizing the complexity of the alleged financial misconduct.

As the government takes decisive action, the case against Bhaskar Reddy and his family unfolds, promising to expose the inner workings of a system where political influence and economic power intersect. The public awaits further revelations and the legal system's response to this high-profile scandal.

Go!