Hyderabad based top pharma company head arrested in Delhi liquor policy case

Benoy Babu of Pernod Ricard and Sharath Reddy of Aurobindo Pharma have been detained in connection with the Delhi Excise Policy Case in accordance with the Prevention of Money Laundering Act (PMLA).

The Enforcement Directorate has detained a senior executive from a pharmaceutical company as part of its money laundering investigation into alleged anomalies in the now-scrapped Delhi excise policy.

The agency has detained Sarath Reddy, Director of Aurobindo Pharma, as the second suspect in the investigation involving the Delhi liquor policy.


The investigation team had previously investigated his property and twice interrogated him.

In this case, the Enforcement Directorate has already carried out a number of raids. It detained Sameer Mahandru, the managing director of the liquor-making business Indospirit, in September.

The Delhi Lieutenant Governor recommended a CBI investigation into the suspected anomalies in the implementation of Delhi’s Excise Policy 2021–2022, which put the excise plan under scrutiny. Eleven excise officials have also been suspended by the Lieutenant Governor.