Delhi Liquor Policy Case: ED arrests two, including the head of Hyderabad's pharma company

Enforcement Directorate arrested 2 persons in connection with money laundering probe into alleged irregularities in Delhi Excise Policy. The names of the arrested accused are Sharath Reddy and Vinay Babu, who are businessmen from Telangana and Andhra Pradesh and are the owners of a pharma company. A total of 5 people have been arrested in this case so far. Actually ED has arrested a total of 3 people while CBI has arrested 2 people. While Dinesh Arora, an accused in this case, has appealed to become a government witness by filing an application in the court.

The probe agency had searched the premises of Sharath Reddy, managing director of Aurobindo Pharma, and questioned him twice. And now he has been arrested. Sources told NDTV that Sharath Reddy had allegedly helped in transferring the proceeds of crime in the Delhi Liquor Policy case.

The excise scheme came under the scanner after the Delhi LG recommended a CBI inquiry into alleged irregularities in the implementation of the Excise Policy 2021-22. After this the Delhi government canceled the excise policy while the LG also suspended 11 excise officials.

In August last, the CBI had also registered a case in the Excise Policy scam and issued 'Look Out Circulars' (LoC) against eight persons made accused in the case. The accused include Sisodia, the then Excise Commissioner Arva Gopi Krishna, Deputy Commissioner Anand Tiwari and Assistant Commissioner Pankaj Bhatnagar.