The SIT has found that Jagan’s government purchased a large amount of gold in the liquor mafia scam, sent it abroad, converted it into cash, and invested in real estate and film sectors. Jagan’s close associates bought a real estate business in Bangalore worth Rs 1,000 crore and gold worth Rs 200 crore from Tilak Nagar Industries in Mumbai.
BY-RAJA PENTAPATI AP BUREAU CHIEF
National News
Amravati May 21 (Bharat News) AP
Disappointing facts are coming to light in the AP liquor scam. The things that are coming out one by one .
It has already come out that Jagan’s close associates ran a real estate business in Bangalore with 1000 crores with the scam money.. It seems that gold was also purchased on a large scale unexpectedly.
It seems that the heads of those companies created fake liquor companies and bought gold in large quantities. Although it was initially thought that 400 kg of gold was purchased.. It is being spread that it could be up to a thousand kg.
The SIT has found that gold worth 200 crores was purchased from Tilak Nagar Industries, a Mumbai market where gold trading is prevalent. To avoid any suspicion from anyone, it was found that the rest was purchased in other states.
It is understood that after purchasing the gold, the heads of liquor companies used to send it to Raj Kesireddy’s group. It seems that the gold was sent abroad, converted into cash and invested in real estate and film sectors.
Who bought the gold and sent it to Raj Kesireddy’s group? How was the gold sent abroad? Who supported Raj Kesireddy for this? The SIT is currently focusing on these issues.
On the other hand, the ED, which believes that money laundering has taken place in this case, has sought permission to interrogate the accused. Once permission is received, it is going to focus fully on cash transactions and gold purchases in this case.
Bharat News Andhra Pradesh
