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Enforcement Directorate (ED) sleuths on Saturday conducted raids at seven locations in Telangana, including residences of Srinivas Reddy, the son-in-law of former Telangana Home Minister Naini N Reddy and his associates in connection with the investigation into money laundering in a multi-crore scam in TS Insurance Medical Services (IMS) and Employees State Insurance Corporation (ESIC) two years ago.
ED seized cash worth Rs 3 crore, jewellery worth Rs 1 crore, blank cheques, property papers and digital devices from the residences of Srinivas Reddy and his associates. The searches were conducted at residences of Srinivas Reddy, son-in-law of former Telangana Minister Nayini Narsimha Reddy, Mukunda Reddy, Former PS to Nayini and Devika Rani, Former Director, Insurance Medical Services in connection with the ESI scam. (ANI)
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