The prime accused in Delhi Liquor Scam Aurobindo Realty MD Sarath Chandra Reddy was granted interim bail on a person bond of Rs 2 lakh by Rouse Avenue Court to enable him to attend funeral of his paternal grandmother, according to officials. Sarath Chandra Reddy with the help of floating three companies amassed wealth to the tune of Rs 64 crore, according to ED authorities. Out of the amount, it was understood to have transferred Rs 60 crore to Indo-Spirits, according to the liquor scam trial. He have tried to destroy evidence for all these transactions. The ED, in its report, said that he conducted all these transactions through Trident Chemphar Pvt Ltd, Organomics Eco-systems and Sri Avantika Contractors.
As per the excise policy of Delhi Government, no individual should indulge in liquor trade in more than two zones. However, the ED charged him with managing to get 30 per cent of the liquor shops through benami holders. It said that Sarath Chandra Reddy is controlling these fake companies investing funds in them from his pocket. A probe on his investments is underway. Meanwhile, the court granted him two-week’ bail to attend him the funeral of his grandmother.
