Kakinada Port, SEZ Case: ED Issues Fresh Notices to Vijayasai Reddy

The Enforcement Directorate (ED) has decided to issue fresh notices to YSR Congress Party leader and Rajya Sabha member Vijayasai Reddy and other accused in the Kakinada Seaport Limited (KSPL) and Kakinada SEZ (KSEZ) shares appropriation case. This step was taken after the accused failed to respond to previous notices issued by the ED.

The investigation began following a complaint lodged by KSPL owner Karnati Venkateswara Rao, prompting the Andhra Pradesh CID to register a case. Based on the CID’s findings, the ED conducted a preliminary inquiry and detected evidence of money laundering. Subsequently, the ED filed a case under the Prevention of Money Laundering Act (PMLA) and registered an Enforcement Case Information Report (ECIR).

Those named in the case include YSR Congress MP Y.V. Subbareddy’s son Vikranth Reddy, Vijayasai Reddy, his son-in-law’s brother, Aurobindo Pharma owner Penaka Sarath Chandra Reddy, and representatives of PKF Sridhar & Santhanam LLP, identified as Vijayasai Reddy's nominee firm. The ED had earlier summoned these individuals for questioning.

However, citing various reasons, the accused have reportedly avoided appearing for interrogation. In response, the ED is now preparing to send another round of notices. Additionally, notices will be served to the directors of Aurobindo Realty and Infrastructure Private Limited (formerly Aurobindo Infra Private Limited), identified as the ultimate beneficiaries in the case. Meanwhile, the Andhra Pradesh CID has also issued notices to Sarath Chandra Reddy, asking him to appear for questioning.