The Enforcement Directorate (ED) carried out simultaneous raids in Hyderabad and Kadapa on several accused individuals, under the Prevention of Money Laundering Act (PMLA), to trace the financial trail linked to the 2019 murder of former MP Y.S. Vivekananda Reddy.

  • The ED raided six premises in Hyderabad and Kadapa.
  • Searches were conducted under the Prevention of Money Laundering Act (PMLA).
  • The CBI’s chargesheets allege a ₹40 crore contract killing.

On Friday, Enforcement Directorate teams swept through multiple locations in Hyderabad and Kadapa, targeting Devireddy Sivasankar Reddy, Yerra Gangi Reddy and Sunil Yadav—each named in the Vivekananda Reddy murder case. The operation was executed under the provisions of the Prevention of Money Laundering Act (PMLA), focusing on financial transactions tied to the crime.

Historical Background

Y.S. Vivekananda Reddy, brother of former Chief Minister Y.S. Rajasekhara Reddy and uncle of current Chief Minister Y.S. Jagan Mohan Reddy, was found dead at his Pulivendula residence in March 2019. Initially reported as a heart attack, the death later emerged as a pre‑planned murder. The case was handed over to the CBI in 2020, where approver Shaik Dastagiri disclosed a ₹40 crore contract killing. The Supreme Court subsequently shifted the trial to Telangana.

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Why This Matters

BozokMedia analysis shows that the ED’s focus on money‑laundering trails could unravel the financial backbone of the alleged conspiracy, potentially leading to asset seizures and further criminal prosecutions.

This investigation could reveal a new financial dimension of the Vivekananda Reddy murder case, influencing both legal outcomes and political narratives. - Financial Crime Expert

Details of the Raids

Agents seized electronic devices, bank statements, cash, and property documents. The residence of Y.S. Bhaskar Reddy, father of MP Y.S. Avinash Reddy, was initially locked; relatives were summoned to open the door before the search began. All six locations are now under detailed forensic examination.

Financial Investigation Under PMLA

Under the PMLA, the ED can attach assets if it establishes that money has been laundered. The CBI’s charge sheet alleges a ₹40 crore payment for the contract killing, a claim corroborated by approver Dastagiri. The ED is now tracing the flow of these funds to identify beneficiaries and co‑conspirators.

Did You Know?: The Vivekananda Reddy murder became a pivotal political flashpoint just weeks before the 2019 general elections.

Frequently Asked Questions

  • Why did the ED conduct these raids?
  • What are the main financial allegations in the Vivekananda Reddy murder case?