Hyderabad: The Enforcement Directorate (ED) has provisionally attached prime land parcels in Kokapet and Khajaguda, luxury vehicles and watches linked to former Andhra Pradesh minister Karumuri Venkata Nageswara Rao, his son Karumuri Sunil Kumar, family members and others as part of its money-laundering probe into the Andhra Pradesh State Beverages Corporation Limited (APSBCL) liquor transportation case.The assets, valued at ₹37.7 crore, were attached by the ED’s Hyderabad zonal office under the Prevention of Money Laundering Act in an order issued on Aug 6. ED said the properties represent direct proceeds of crime and value-equivalent assets.Land, quarry rights, cars and watches attachedBesides land parcels in Kokapet and Khajaguda, granite quarry lease rights over four hectares in Anakapalle district were also attached. A commercial unit at Elan Paradise in Gurugram, a flat at Vasundhra Enclave in Delhi, bank balances and fixed deposits have also been covered.
Movable assets included a Volvo, Toyota Fortuner and luxury watches purchased from Ethos Limited and Kamal Watch Company.The PMLA case stems from the FIR registered by AP CID on Feb 10 following a vigilance report. The case concerns the centralisation of liquor transportation contracts by APSBCL.ED alleges rates inflated, ₹195 crore loss causedAccording to the ED investigation, then APSBCL managing director Dontireddy Vasudeva Reddy, in alleged connivance with political leaders and private persons, replaced the district-wise transport system with a statewide contract without prior govt approval. ED alleged that tender conditions were manipulated to benefit pre-selected entities.Transportation rates, which were around ₹19.6 per carton under the earlier system, allegedly rose to ₹32-35, while work was subcontracted to local transporters for about ₹19-22. ED quantified the alleged proceeds of crime at ₹195.32 crore.ED alleged Kessireddy Raja Shekhar Reddy alias Raj Reddy, former AP govt IT adviser, controlled front entities and was a key beneficiary. It alleged Karumuri Venkata Nageswara Rao secured transport sub-contracts and demanded an 85% profit share, while Sunil Kumar managed operations through Sree Sudarsana Constructions.Investigators alleged funds were layered through bogus invoices, shell entities, cash security deposits and failed land transactions. These included advances of ₹1.7 crore for Kokapet land, ₹1 crore for Khajaguda land and ₹52 lakh for quarry rights. ED also alleged that backdated profit-sharing agreements were created in Sept 2025 after an SIT inquiry began to portray the receipts as legitimate business income.
