New Delhi. The Enforcement Directorate has arrested two officials of liquor companies in connection with the investigation of money laundering case related to Delhi’s repealed Excise Policy. Official sources gave this information on Thursday.
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Sources said that Binoy Babu of liquor company Pernod Ricard and Sharath Reddy of Aurobindo Pharma have been arrested under the Prevention of Money Laundering Act (PMLA). Officials have claimed that the two were making “excuses” during interrogation. Both the arrested officers will be produced before the PMLA court in Delhi where the Enforcement Directorate will seek their custody.
Sources said that the two were allegedly involved in formulating Delhi’s excise policy in connivance with government officials and also had a role in “organising” the entire network. Sources alleged that the ED had earlier recovered a draft excise policy from the premises of an employee during raids and found that Rs 200 crore has been invested in the retail liquor business by a firm in violation of policy directions.
The Enforcement Directorate has conducted several raids in this case so far. The agency had in September arrested Sameer Mahendru, managing director of liquor maker Indospirit. The agency had earlier this month raided the premises of the personal assistant of Delhi Deputy Chief Minister Manish Sisodia and later questioned him at its Delhi office. (Language)
