AP Liquor scam money invested in Bengaluru Real estate?

The Andhra Pradesh liquor scam is emerging as one of the most significant cases of financial mismanagement and money laundering in recent times. According to the SIT (Special Investigation Team), which is currently probing the case, key evidence has come to light after the arrest of Raj Kasireddy, a close associate of Jagan Mohan Reddy, who is allegedly a central figure in the scam.

Recent media reports suggest that the SIT has uncovered a money trail indicating that the funds generated from the liquor scam were funneled into real estate investments in Bengaluru.

As per these reports, a substantial portion of the proceeds from the scam — estimated to be over ₹1,000 crore — was used to purchase properties and related assets in Karnataka, particularly in Bengaluru. Part of the money was also reportedly routed to foreign countries.

The SIT is now thoroughly investigating the source of the funds, the process of money transfer, and the broader laundering network, all of which allegedly took place during the Jagan-led administration.

Notably, Govindappa — the accountant of Y.S. Bharathi — has been named in the case memo and is accused of being involved in the financial operations behind the laundering. Investigation agencies are now tracing the full financial trail to uncover the complete scope of the scandal.