ED raids multiple locations in Hyderabad in sheep rearing scam worth over ₹1,000 crore
HomeIndia NewsED raids multiple locations in Hyderabad in sheep rearing scam worth over ₹1,000 croreA CAG report from March 2021 found a number of irregularities in the matter, such as not keeping a record of the individual beneficiaries of the Sheep Rearing Scheme, recording false invoices related to transportation, payments to vehicles having non-commercial registration number, along with allotting the sheep units to dead or non-existing individuals, among others.The Enforcement Directorate (ED) conducted raids across eight locations in Hyderabad on Wednesday (July 30) in alleged scam related to Sheep Rearing Development Scheme (SRDS). The agency believed that the scam was spread across Telangana, having worth over ₹1,000 crore.
The raids were conducted on the locations of the alleged middlemen and beneficiaries who were identified through a money trail in the investigation, ED sources said.
The sheep rearing...