ED Issues Fresh Notices to Vijay Sai Reddy
The case pertains to allegations that Vijay Sai Reddy forcibly acquired stakes held by Karnati Venkateswara Rao in Kakinada Sea Ports Limited and the Special Economic Zone (SEZ). Based on a complaint filed by Karnati Venkateswara Rao, the ED investigated the matter and reportedly found evidence suggesting Vijay Sai Reddy's involvement in money laundering.
Consequently, fresh notices have been issued to Vijay Sai Reddy. However, in response to previous notices, the MP cited various reasons for his inability to attend the hearings. It remains to be seen whether he will comply with the latest summons and appear before the ED for questioning.