ED Arrests YSR Cong MP’s Son in Delhi Excise Policy Money laundering Case

New Delhi: The Enforcement Directorate (ED) arrested Raghav Magunta, son of YSR Congress Party MP from Ongole Magunta Srinivasulu Reddy. Raghav was arrested in connection in relation to money laundering linked to alleged irregularities in the Delhi excise policy case, ED officials informed on Saturday.

Raghav Magunta was arrested under the Prevention of Money Laundering Act (PMLA) on Friday evening. ED may seek his remand for interrogation at a local court.

ED has arrested nine persons in this case, and Raghav is the third arrest this week.

It arrested Gautam Malhotra, son of former SAD MLA from Punjab Deep Malhotra, and Rajesh Joshi, the director of an advertising company called Chariot Productions Media Pvt Ltd, earlier in the week.

It is alleged that a ‘South Group’ of liquor retailers, wholesalers, and manufacturers was part of the now-scrapped Delhi excise policy, and the YSR Congress MP and his son were involved in it.

The money laundering case emerged from a CBI FIR. Delhi Deputy Chief Minister Manish Sisodia and some excise officials were named as accused in the CBI and the ED complaints.