ESI Scam: ACB arrests former IMS Director Ch Devika Rani's benami

Hyderabad: The Anti-Corruption Bureau (ACB) officials on Friday arrested P Srinivas Reddy in ESI multi-crore medicines purchase scam.

He is the brother of Teja Pharma owner Rajeshwar Reddy. ACB officials during their investigation found that IMS former Director Ch Devika Rani has formed shell companies on his name as her Benami and siphoned about Rs 3 crore and bought gold and diamonds with that money.

After conducting search operations in his house and office at Alwal on Thursday and seizing many key documents the sleuths arrested him today.