AP Liquor Rip-off : YS Jagan The Mater Thoughts ?

Former Chief Minister Jagan Mohan Reddy’s liquor coverage was intentionally designed to spice up celebration funding, in response to stunning revelations made by Raj Kasi Reddy. The CID has submitted a remand report back to the courtroom outlining the huge corruption scheme that diverted cash by means of gold purchases, shell firms, and actual property corporations.

Raj Kasi Reddy collected month-to-month bribes of 50-60 crores from liquor suppliers and distilleries, passing the cash to Jagan’s circle together with OSD Krishna Mohan Reddy, MPs Peddireddy Mithun Reddy, Vijay Sai Reddy, and an affiliate named Balaji. Investigators confirmed this community collected a staggering 3,200 crores between 2019-2024.

In August 2019, the federal government launched a brand new liquor coverage with state-run retailers. Key positions got to trusted officers like IRS officer Vasudev Reddy, who was introduced in on deputation as Drinks Company MD. A handbook provide order system changed the automated course of, giving full management over the liquor commerce.

The syndicate set costs for bribes based mostly on liquor manufacturers – 150 rupees per case for affordable manufacturers like Southern Blue and 9 Horses, 200 for mid-range manufacturers, and as much as 600 for premium manufacturers like Academics. To keep away from detection, they used VPN companies, digital numbers, and messaging apps like Sign for communication.

The collected bribes have been transformed to gold, transferred to shell firms, or moved by means of organized hawala networks in Mumbai and Delhi. They even manipulated uncooked materials suppliers, paying 3-5 instances the precise value and receiving money kickbacks underneath the guise of “model promotion.”

Raj Kasi Reddy’s involvement prolonged to establishing distilleries and controlling SPY Agro Industries’ financial institution accounts with out permission. The CID report concludes that his actions represented a prison conspiracy inflicting monumental losses to the federal government treasury whereas producing large unlawful earnings.