Hyderabad (Telangana) [India], September 27 (ANI): Enforcement Directorate on Friday conducted raids at Telangana Minister of Information and Public Relations, Ponguleti Srinivasa Reddy's residence and premises linked to his son Harsha Reddy, who is a promoter of Raghav Group for alleged Hawala transactions. The ED is investigating the case against Harsha Reddy, who allegedly purchased seven watches for Rs. 5 crores through Crypto and Hawala smuggling racket of more than Rs.
100 crores. Also Read | Medak Road Accident: 1 Killed, 20 Students Injured As 2 College Buses Collide Head-On in Telangana (Watch Video). A total of 5 premises linked to the minister and his son are covered in the raids.
The investigations indicate that Harsha Reddy had reportedly acquired the watches from Hong Kong-based Indian luxury watch dealer Muhammed Faherdeen Mubeen through an intermediary, Alokam Naveen Kumar, who confessed to facilitating the sale through cryptocurrency and hawala transactions. Also Read | RG Kar Hospital 'Financial Irregularities' Case: CBI Seeks Report From West Bengal Government on Biomedical Wastes. Harsha Reddy is said to have been identified as the buyer of the watches through Naveen Kumar.
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