HYDERABAD: The Enforcement Directorate (ED) has conducted fresh ED raids in Hyderabad, targeting multiple locations in connection with suspected financial irregularities, illegal transactions, and alleged money laundering cases.
According to sources, ED teams simultaneously searched various business establishments, real estate firms, and residences and offices of influential individuals across the city. The operations began early in the morning and continued into the evening, resulting in the seizure of several key documents, digital evidence, and financial records.
Officials from the ED stated that these raids are a continuation of earlier operations aimed at curbing black money and cracking down on shell companies involved in laundering activities. Some individuals have reportedly been detained for questioning.
Reports suggest that the individuals and entities targeted in these raids may have connections to political circles. However, the ED has not officially confirmed any names.
Legal experts view these raids as a significant step toward enhancing financial transparency at the state level, with more arrests and disclosures likely in the coming days.
Public and media attention remains focused on the developments, while speculation continues to circulate in political circles regarding the broader implications of the raids.
