Delhi Liquor Policy case: Two businessmen including Hyderabad-based Pharma company head arrested


Hyderabad: The Enforcement Directorate (ED) on Thursday arrested two businessmen belonging to Andhra Pradesh and Telangana in the Delhi Excise Policy 2021-22 money laundering case, sources said.

Out of the two arrested, one of them is Sharath Reddy, head of Hyderabad-based Aurobindo Pharma Ltd, while Vinay Babu is an officer of Pernod Ricard Liquor Company.

According to sources, two businessmen from South India — Sharath Reddy K. and Vinay Binoy Babu — were placed under arrest. Both will be produced before Delhi’s Rouse Avenue Court later in the day. The ED is all set to seek their custodial remand.

Sources have also claimed that Babu and Reddy played a crucial role in the scam.

Earlier, Dinesh Arora, a close aide of Delhi’s Deputy Chief Minister Manish Sisodia had said that he wanted to be an approver in the case.

As of now four arrests have been made in the case.

The excise scheme came under the scanner after the Delhi Lieutenant Governor recommended a CBI probe into the alleged irregularities in the implementation of Delhi’s Excise Policy 2021-22. The Lieutenant Governor had also suspended 11 excise officials.

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