Enforcement Directorate searches NRI Academy of Sciences in Andhra Pradeshs Guntur . Investigation into allegations of money laundering by some of the societys employees .
Hyderabad (Telangana) India-December 7 The Enforcement Directorate (ED) searched NRI Academy of Sciences in Andhra Pradeshs Guntur in connection with a case of money laundering and other charges, including overcharged Covid patients.Officials said the searches were carried out by ED teams of the Hyderabad Unit in various areas in Vijayawada, Kakinada, Guntur, and Hyderabad, and they also confiscated cash, incriminating records, as well as property of various parties impacted by the investigation.According to an official statement from the ED Hyderabad Unit, the searches, which took place on December 2 and 3, were part of a continuing probe into some of the members and office bearers of NRI Academy of Sciences, which was investigated by the Prevention of Money Laundering Act, 2002.The ED started an investigation on the basis of FIRs obtained by Andhra Pradesh Police into allegations of money laundering by some of the society's employees in the form of building, collection and siphoning off large amounts of money from Covid students for admission to a MBBS course over and above the figures given in the books of accounts, collection and siphoning off large amounts of money from medical students for admission to MBBS program, using a similar name like NRIAS Private Limited Several papers and electronic devices related to the alleged divertion of funds have also been confiscated.