Vijayawada:The top YSRC leaders reportedly shocked the huge monetary gains of some senior leaders earned in AP Liquor Scam and used this funding to make substantial investments in companies and film production.
Details of fraud occurred in the CID investigation. It points to Kasireddy Rajasekhar Reddy and Rajampet MP Mithun Reddy. The highest YSRC leader is unaware of his behavior.
AP CID formed a special investigation team to investigate the wine scams that mainly involved the two leaders. The two allegedly invested a lot of money to build their own company.
According to reports, sitting and getting some details from the companies, the two found that they were engaged in the transaction by transferring funds from unflattering liquor scams.
Kasireddy is also accused of setting up a company called Ed Creations and starting to make movies. He also learned that he has made substantial investments in the real estate sector.
Sitting at him so far, he showed him four notices and searched in his office and residence, his relatives and friends in Hyderabad. It reportedly caught some guilty documents proving his involvement in alcohol scams and other financial violations.
Kasireddy is expected to appear on April 19.
Meanwhile, on April 19, SIT on the alcohol scam called Rajampet MP Mithun Reddy, who moved to the High Court and begged to inquire in the presence of his lawyers and document the entire process.
Justice T Mallikarjuna Rao listened to the petition here on Thursday and directed the SIT to question the MPs in the presence of lawyers. The court ruled that an investigation should be conducted with the installation of CCTV cameras.
Mithun Reddy’s attorney Niranjan Reddy believes his client has the potential to be physically attacked. He begged the court to provide instructions for the audio and video recordings of the inquiry/review of witnesses in the case.
Advocate Dammalapati Srinivas represents the SIT debate. He said there is no provision for recording witness deposition through audio and video modes. “This is at the discretion of the investigators.”
