Sand mining baron Sekhar Reddy moves HC to quash money laundering case

Sand mining baron, Sekhar Reddy has moved the Madras High Court in relation to a money laundering case filed on him by the Enforcement Directorate. In December 2016, the Income Tax department seized Rs 34 crore unaccounted money in new denomination of Rs 2,000 and gold worth several crores. Reddy alleges that ED didn't follow due procedure of law while initiating proceedings as per the Prevention of Money Laundering Act.

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