ED Arrests Raghav Magunta, Son Of YSR Congress Party MP Magunta Srinivasulu Reddy

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Raghav Magunta, son of Congress Party YSR MP Ongole Magunta Srinivasulu Reddy, was arrested today by the Enforcement Directorate in connection with their money laundering investigation into alleged wrongdoing in the Delhi excise policy case. This is the third arrest by ED this week and the ninth overall in the Delhi excise policy case. He was detained under the Prevention of Money Laundering Act (PMLA) on Friday night, authorities said.

Raghav Magunta is expected to appear before a local court where the Directorate of Compliance will seek his custody.

ED has already alleged that a cartel called ‘Southern Group’ of liquor retailers, wholesalers and manufacturers was created as part of Delhi’s now-removed excise policy, and the father-son duo were part of it.

He had searched for premises linked to the member of parliament last year.

The ED has, thus far, filed two charge sheets or indictment complaints in this case.

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