New Delhi, 11 June (H.S.): The Enforcement Directorate (ED) on Thursday carried out search operations at five locations in connection with the Andhra Pradesh State Beverages Corporation Limited (APSBCL) transport scam. The case involves allegations of causing a loss of approximately ₹195.33 crore to the state exchequer while generating unlawful gains for the accused and their associates.

During the searches, the ED seized ₹8 lakh in cash, two Rolex watches, premium vehicles, incriminating documents, and digital devices. The agency stated that the operation was conducted under the provisions of the Prevention of Money Laundering Act (PMLA).

According to the ED, the accused allegedly manipulated transportation contracts, resulting in financial losses to the government treasury and enabling the generation of illicit profits. The agency said that the documents and digital devices recovered during the searches are being examined as part of the investigation.

The ED further stated that the probe into the matter is ongoing and that additional findings are expected as the investigation progresses.

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Hindusthan Samachar / Jun Sarkar