7 days ago
After Anti-Corruption Bureau, Enforcement Directorate likely to probe Telangana irrigation engineers
Hyderabad: Enforcement Directorate (ED) is likely to open a money laundering investigation against engineers linked to major irrigation projects, once it secures the requisite first information reports (FIRs) from Anti-Corruption Bureau (ACB).
Agency sources said that it would investigate the alleged diversion of govt funds into private companies and the use of these proceeds for destination weddings abroad. Among those under scrutiny are engineers N Sridhar, Muralidhar Rao and Hariram Naik.
ED Examining Investments in Muralidhar Rao's Family Ventures
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In all three cases, the ED might scrutinise shareholding patterns, bank transfers, and social infrastructure that might suggest misuse of public money for personal gain.
According to sources, ED aims to determine whether state funds were funnelled into these entities. An unexplained transaction of funds for a Thai wedding, allegedly linked to an engineer's kin, has escalated the probe for potential FEMA irregularities.
ED has formally requested detailed records from ACB concerning the cases against Sridhar, Muralidhar Rao and Hariram Naik. Documents sought include FIRs, chargesheets, and statements, which ED might use to support PMLA proceedings. High-value cash deposits, recent overseas travel, and unexplained asset purchases were expected to form a key part of the probe.
The planned ED investigation follows high-profile action by ACB, which recently arrested Muralidhar Rao in a Rs 50 crore disproportionate assets case and uncovered luxury assets, villas, and companies.
