The SIT has reportedly found that ‘Big Boss’ has moved some of the thousands of crores of rupees looted through liquor bribes to Zambia in Africa. The investigation revealed that he had invested around Rs 400 crore in metal, mining, food processing and other sectors there. It is believed that all this was transferred through shell companies and hawala channels.
The SIT, which concluded that bribes ranging from Rs 150 to Rs 600 per case of liquor were collected during the YSRCP regime and Rs 3,500 crores were looted, has identified ‘Big Boss’ as the ultimate beneficiary. But where did all that money go? How was it moved? The SIT is conducting a detailed investigation into where the investments were made.
In this process, it has identified the involvement of hawala traders in Mumbai, Delhi, Hyderabad and other cities and called them for questioning. When representatives of several shell companies were questioned, Big Boss’s investments in Zambia were uncovered. The SIT has found that dozens of shell companies and benami were set up in various countries to route this amount from India to Zambia.
Some of the liquor bribe money was used to buy real estate in various places including Bangalore and Hyderabad. It has already been revealed that some of it was spent on behalf of YSRCP candidates in the last general elections. The SIT has found that the remaining amount was transferred not only to Zambia but also to Dubai, the UK and the US through multi-tiered hawala channels and shell companies.
It has been revealed that hundreds of individuals and companies were used for this. Now the SIT is focusing on cracking the network. A company belonging to the family of a leader who is a key accused in the liquor scam case established a copper extraction plant in Zambia during the YSRCP regime to refine raw ore. The SIT suspects that most of it is liquor bribe money. Is there a connection between Bigg Boss and the investments in that factory?
The SIT is also investigating in depth. The SIT has already found that Chevireddy Bhaskara Reddy, Raj Kasireddy, and Venkatesh Naidu tried to set up an iron ore factory in Zambia, Tanzania, Zimbabwe and other countries with money from liquor bribes. In this context, Bhaskara Reddy, Mohit Reddy, and Venkatesh Naidu also visited those countries a few months ago. The SIT suspects that all this happened on the orders of Bigg Boss.
