The Enforcement Directorate (ED) has arrested Raghav Magunta, son of YSR Congress Party MP from Ongole Magunta Srinivasulu Reddy, in connection with its money laundering investigation linked to the Delhi excise policy scam.
Raghav Magunta was taken into custody under the Prevention of Money Laundering Act (PMLA) late on Friday, officials said. This is the ninth arrest in this case by the ED, and the third 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 this week.
The agency had alleged that a cartel called ‘South Group’ of liquor retailers, wholesalers and manufacturers was created as part of the now-scrapped Delhi excise policy, and the father and son duo were part of it.
It had searched premises linked to the Member of Parliament last year. Till now, the ED has filed two charge sheets or prosecution complaints in this case.
The money laundering case stems from a CBI FIR. Delhi Deputy Chief Minister Manish Sisodia, excise officials and a number of businessmen were named as accused in the CBI and the ED cases.
Found At: ED arrests YSR MP’s son in Delhi scam