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Delhi Excise Policy Money Laundering Case- Aurobindo Pharma Director Arrested

Delhi Excise Policy Money Laundering Case: The Enforcement Directorate (ED) has detained two business executives with ties to the alcohol industry as part of its money laundering investigation into the now-discredited Delhi Excise Policy case. They disclosed that Benoy Babu of Pernod Ricard and Sharath Reddy of Aurobindo Pharma had been detained by a federal agency in accordance with the Prevention of Money Laundering Act (PMLA).

Delhi Excise Policy Money Laundering Case: Key Points

  • The Enforcement Directorate has so far conducted numerous raids in the Delhi Excise Policy case.
  • It detained Sameer Mahandru in September, the managing director of the liquor manufacturer Indospirit.
  • The raids were conducted by the Enforcement Directorate earlier this month at the residence of Manish Sisodia’s personal assistant, and later questioned him at its Delhi office.
  • The money laundering case began with a CBI FIR in which Manish Sisodia was among the suspects.
  • After registering the case, the CBI conducted a raid at the residences of the deputy chief minister and a few Delhi government officials.
  • The federal agency has also questioned Devendra Sharma, Sisodia’s personal assistant, in this case as of last Saturday.
  • After Delhi LG VK Saxena urged a CBI investigation into the suspected inconsistencies in the execution of Delhi’s Tax Policy 2021–2022, the excise system came under scrutiny. Eleven excise officials were also suspended by the LG.

Delhi Excise Policy: All you need to know

  • The central government and the Delhi administration have been at odds for a number of months over the suspected corruption in Delhi’s new excise policy.
  • Delhi deputy Chief Minister Manish Sisodia and several other government employees were put in danger when Delhi’s Lieutenant Governor Vinai Kumar Saxena ordered a CBI investigation into the city’s excise strategy for 2021–2022.
  • The Delhi government reversed course and reinstated the previous alcohol regulations. In its first information report (FIR), the CBI identified Sisodia as the case’s main accuser.
  • In addition to him, 16 other people are named in the first information report (FIR) filed by the CBI for giving some well-known liquor retailers unfair advantages.
  • These lists include the former Delhi excise commissioner Arava Gopi Krishna, the former deputy commissioner excise, and assistant commissioner (Excise) Pankaj Bhatnagar.

Delhi Excise Policy: What’s the new liquor policy?

  • The new liquor policy, which was introduced in November of last year, sought to increase the state’s excise duty collection by $9,500 crore.
  • The Delhi government will stop selling alcohol as a result of the new liquor policy, giving liquor shops the exclusive right to sell alcohol.
  • Of the 864 liquor stores in the state, 389 are run by private businesses under the previous legislation on alcohol, while 475 are run by government organisations.
  • Retailers were permitted to choose the price of the booze sale under the new liquor policy.
  • Retailers are permitted to use promotions like “Buy One Get One” and alcohol home delivery. Additionally, each municipal ward may have three liquor stores open by licensed alcohol sellers.
  • Up to 800 liquor stores run by the Delhi Consumer’s Cooperative Wholesale Store (DCCWS), Delhi Tourism and Transportation Development Corporation (DTTDC), Delhi State Civil Supplies Corporation (DSCSC), and Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) subsequently closed their doors.
  • Although the city was divided into 32 zones, each with 27 vends, 849 private vends received liquor permits.
  • The Delhi government previously asserted that excise income totaled 9,000 crores.

Delhi Excise Policy: Previous liquor policy

  • As per the previous policy for the sale of alcohol, liquor stores must close after 21 days, and retailers are not permitted to offer discounts or introduce promotions like “Buy One Get One Free.”
  • This is because the government established a maximum retail price (MRP) for the sale of alcohol.

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