ED Books Suspended DSP S Bheem Reddy in Rs 300 Crore Money Laundering Case

The Directorate of Enforcement has registered a money laundering case against suspended Deputy Superintendent of Police S Bheem Reddy following an investigation by the Anti-Corruption Bureau into alleged disproportionate assets worth around Rs 300 crore. The central agency's action follows searches and enforcement proceedings initiated earlier against the officer, who was arrested from his residence at Vessella Meadows in Ibrahimbagh.

Bheem Reddy, who was posted with Police Computer Services, was taken into custody by the ACB on July 6. The anti-graft agency had carried out extensive searches across 16 locations linked to the suspended officer, his relatives, and suspected benamidars situated in Telangana and Karnataka.

During those coordinated searches, officials reportedly seized property documents along with Rs 3.6 lakh in cash directly from his Ibrahimbagh residence. In addition, investigators recovered Rs 40 lakh in cash from the premises of an alleged benamidar. The ACB also identified approximately 2 kilograms of gold, 20 kilograms of silver, and bank balances amounting to nearly Rs 19.91 lakh linked to the officer and his network.

Alongside the ED's case, the Income Tax Department's Benami Prohibition Unit has already registered a separate case regarding the holdings. Details of properties and financial transactions currently being compiled by the ACB, the ED, and the Income Tax Department are expected to serve as key evidence in determining the legal ownership of assets and the exact trail of funds used to purchase them.

Investigators from the ED have begun examining the financial trail, focusing on whether wealth allegedly generated through corrupt practices was moved across multiple channels and converted into real estate and other assets. Officials are scrutinising property ownership records, the original funding sources, and whether properties were held in the names of family members, associates, or benamidars.

Following the conclusion of its preliminary investigation, the ED is likely to issue formal notices to Bheem Reddy. Individuals suspected of acting as his benamidars are also expected to be summoned for questioning, with further regulatory and legal action to follow the probe's findings.