Hyderabad-based businessman P. Saratchandra Reddy, an accused in a money laundering case related to the alleged excise policy scam, has turned approver after getting permission from a Delhi court. It is noteworthy that former Deputy Chief Minister of Delhi Manish Sisodia is also an accused in this case. After yesterday’s developments in this politically sensitive case, the difficulty of senior Aam Aadmi Party (AAP) leader Sisodia and other accused may increase.

)Reddy granted bail on medical grounds

Special Justice M.K. Nagpal said that Reddy 40 The pardon is granted under the order passed on May. The court gave this decision on Reddy’s application, in which he said – I am willing to tell the truth voluntarily and want to become a government witness in this case. It is noteworthy that the Delhi High Court had recently granted bail to Reddy on medical grounds.

Alleged use of force to sign the statement

According to the Enforcement Directorate, Reddy is the head of Hyderabad-based Aurobindo Pharma and is also involved in the liquor business. Reddy had earlier accused the ED of pressurizing and using force to get him to sign written statements without his consent. However, later as the investigation progressed, he said that the allegations leveled by him were baseless. CBI and ED have alleged that the Delhi Excise Policy – to favor license holders Irregularities were made by making changes in and license fee waived or reduced, extension of L-1 license granted without the approval of the competent authority.

Dinesh Arora is also an approver in this case

The ED had earlier told the court that it has ample evidence that Reddy actively planned and conspired with various businessmen and politicians in the scam. According to the agency, Reddy was also involved in unethical marketing in order to extract more profit from the Delhi Excise Policy. Significantly, the Central Bureau of Investigation is probing this alleged corruption and Delhi-based businessman Dinesh Arora has also turned approver in the case.

)Probe by CBI and ED

Former Deputy Chief Minister of Delhi Manish Sisodia Year – was the Minister of Excise Department during the alleged scam in . He is also an accused in the case which is being probed by the CBI and ED. At present, Sisodia is in judicial custody. The Enforcement Directorate is probing the alleged money laundering by the accused in the now repealed excise policy.

CBIEDManish SisodiaPublished Date

Fri, Jun 2, 2023, 2: 39 PM IST