K Kavitha’s Alleged Extortion of 25 Crore
Reddy was charged by the CBI of threatening to damage his company if K Kavitha didn't reimburse him for alleged payments to the Aam Aadmi Party.
New Delhi: The Central Bureau of Investigation (CBI) told a special court on Friday that BRS leader K Kavitha, who is accused in the Delhi excise policy case, allegedly threatened to give Aurobindo Pharma’s promoter Sharath Chandra Reddy ₹25 crore to the Aam Aadmi Party in exchange for five retail zones in the national capital. The CBI was requesting custody of Kavitha. Later, the judge placed her under CBI custody through April 15. K Kavitha’s Alleged Extortion of 25 Crore
K Kavitha was charged by the CBI with threatening to damage Sharath Reddy’s company if he failed to reimburse the Aam Aadmi Party for purported bribes.
In the liquor policy case, Sharath Chandra Reddy, a co-accused under investigation by the Enforcement Directorate, has become an approver.
Reddy only engaged in the alcohol business in Delhi at the “insistence and assurance” of K Kavitha, the daughter of former Telangana chief minister K Chandrasekhar Rao, the CBI informed special court Kaveri Baweja, according to PTI. K Kavitha’s Alleged Extortion of 25 Crore
K Kavitha further told Sharath Chandra Reddy that in order for the Aam Aadmi Party in the Delhi Government to obtain liquor business, upfront payments of 25 crores for wholesale business and 5 crores for each retail zone were to be made. The same was to be paid to her associates Arun R. Pillai and Abhishek Boinpally, who would then coordinate with Arvind Kejriwal’s representative, Vijay Nair’, the CBI has alleged. K Kavitha’s Alleged Extortion of 25 Crore
Read more: K Kavitha threatened Sarath Reddy to harm his business if…” is what the CBI told the court.
K Kavitha was taken into custody by the Enforcement Directorate in March. Days after questioning her, on Thursday, the CBI detained her.
Even in the face of evidence, the agency maintained that she had not responded to its questions. K Kavitha’s Alleged Extortion of 25 Crore
According to the agency, K Kavitha’s associates, Arun R Pillai, Abhishek Boinpally, and Butchibabu Gorantla, stayed at the Hotel Oberoi in Delhi between March and May 2021 in order to add clauses that benefited them to the now-canceled policy.
Reddy’s company, Aurobindo Reality and Infrastructure Pvt. Ltd, allegedly paid ₹80 lakh to K Kavitha’s NGO, Telangana Jagruthi, on her guarantee of support.
According to the CBI, K Kavitha forced Sharath Chandra Reddy to sign a sale deal with her for an agricultural plot in Mahboob Nagar, Telangana, in June or July of 2021.
Read more: K Kavitha, in ED custody; CBI arrests Tihar resident in Delhi excise policy case
According to the agency, Reddy was coerced into signing the selling agreement even though he wasn’t willing to. It stated that Kavitha pushed for the ₹14 crore payment.
Additionally, according to reports, she requested that Sharath Reddy provide the AAP ₹25 crore, or ₹5 crore for each retail zone in Delhi.
“However, when Sarath Chandra Reddy showed his reluctance to pay the demanded money, K Kavitha threatened Sarath Chandra Reddy to harm his business in Telangana and in Delhi under the Excise Policy,” the agency claimed. K Kavitha’s Alleged Extortion of 25 Crore
K Kavitha is accused of being part of the South Group that allegedly paid kickbacks of ₹100 crore to AAP for licenses under the liquor policy.
Last month, the Aam Aadmi Party claimed that Reddy’s company had used electoral bonds to give the BJP ₹59.5 crore.
“Reddy purchased electoral bonds worth ₹4.5 crore while the excise policy was being formulated and after his arrest, he purchased electoral bonds worth ₹55 crore and the money went to the BJP,” Atishi, the leader of the AAP, had stated. K Kavitha’s Alleged Extortion of 25 Crore
Arvind Kejriwal, the chief minister of Delhi, was detained in connection with a money-laundering investigation related to the excise policy matter. Since February 2023, Manish Sisodia has been incarcerated on comparable accusations. The AAP asserts that no money trail has been revealed and that the BJP’s political vendetta included action against its leaders. K Kavitha’s Alleged Extortion of 25 Crore
Earlier this week, defense minister Rajnath Singh dismissed the Opposition’s charge of misuse of agencies over Arvind Kejriwal’s arrest, wondering why the courts didn’t provide him relief in the case.
