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Saturday, July 20, 2024

ED arrests Pharma Company Head in the Delhi liquor policy case

New Delhi: A senior official of a pharmaceutical company has been arrested by the Enforcement Directorate in connection with a money laundering probe into alleged irregularities in the now-scrapped Delhi excise duty policy.

Sarath Reddy, director of Aurobindo Pharma, is the second person arrested by the agency in the liquor policy case in Delhi.

The investigating agency had earlier searched his premises and questioned him twice.

The Enforcement Directorate has so far carried out several raids in this case. In September, she arrested Sameer Mahendra, the CEO of a spirits company called Indospirit.

The excise scheme has come under the scanner after the Delhi LG recommended a CBI probe into alleged irregularities in the implementation of the Delhi Excise Policy for 2021-22. The LG also suspended 11 excise officers.

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