A number of search operations were carried out against various NRI Academy of Sciences office holders by the Directorate of Enforcement (ED) due to allegations that they stole a significant amount of money from Covid patients and medical students.
Under the terms of the PMLA of 2002, search operations were carried out at several locations in Vijayawada, Kakinada, Guntur, and Hyderabad as part of the continuing inquiry. ED also frozen the assets of various people involved in this case and seized money and documents that could be used as evidence.
The Andhra Pradesh Police filed FIRs to investigate the alleged misappropriation of funds from the society by some of its members for the construction of buildings, the collection and syphoning off of enormous sums of money from Covid patients in excess of the amounts noted in the books of accounts, and the collection and syphoning off of enormous sums of money from medical students for admission to the MBBS programme over an extended period of time.
Various other incriminating documents and electronic devices connected with the alleged diversion of funds have also been found and seized, in addition to the seizure and freezing of 53 documents of immovable properties suspected to be involved in money laundering.