After conducting raids on BRS MLA and brother, benami documents and Rs 19 lakh cash seized.

Raids were conducted at about ten locations on Thursday as part of a money laundering investigation linked to alleged illegal mining. The premises of Gudem Madhusudan Reddy, G Mahipal Reddy, their company, and others were searched. The Enforcement Directorate stated that unaccounted cash of Rs 19 lakh, along with a large number of property documents in the names of unrelated persons suspected to be “benamis” of the accused, were seized. Additionally, mobile phones containing evidence related to cash dealings were also confiscated.

The accused firm was found to have excavated and transported an excess quantity of building stone and road metal. They allegedly amassed around Rs 300 crore through the sale of illegally excavated material and evaded a royalty amount of Rs 39.08 crore due to the government. The Enforcement Directorate claimed that the sale proceeds of the illegally excavated material were not reported in banking transactions and books of accounts, and the transactions were suspected to have been carried out in cash. The proceeds from the crime were allegedly laundered by the accused and invested in real estate and other activities.

Mobile phones containing evidence related to cash dealings were also seized. Examination of bank locker keys recovered during the search is expected to provide more evidence. The Bharat Rashtra Samithi (BRS) party, headed by former Telangana chief minister K Chandrashekar Rao, is mentioned in the context of the search operations. *(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.

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