ED conducts raids at eight locations in illegal sand-mining case
The Directorate of Enforcement (ED) conducted raids at eight locations related to an illegal sand-mining and money laundering case. During the searches, they seized significant amounts of cash, silver bullion, foreign currency, and incriminating documents. The investigation is linked to alleged irregularities in sand mining operations and violations of tender conditions.
- ▪The ED conducted searches at eight locations in Hyderabad, Jaipur, and Coimbatore.
- ▪They seized ₹1.53 crore in cash, silver bullion worth ₹1.29 crore, and foreign currency.
- ▪The investigation is based on an FIR regarding irregularities in sand mining operations.
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The Directorate of Enforcement (ED) conducted searches at eight locations across Hyderabad, Jaipur and Coimbatore in connection with an alleged illegal sand-mining and money laundering case, seizing ₹1.53 crore in cash, silver bullion worth ₹1.29 crore, foreign currency and several incriminating documents.The searches were carried out on May 26 under the provisions of the Prevention of Money Laundering Act (PMLA) at the offices of GCKC Projects and Works Pvt. Ltd., Prathima Infrastructure Ltd. and Turnkey Enterprises Pvt. Ltd., besides the residences of Boinipally Srinivas Rao, Ashok Kumar and V.G. Venkata Reddy in Hyderabad and Jaipur.
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