HYDERABAD: The Enforcement Directorate has started looking into Immadi Ravi, the main suspect in iBomma, with a focus on money laundering. The ED requested specifics of the police investigation in the iBomma case, particularly information on international financial transfers, in a correspondence with Hyderabad police commissioner V. C. Sajjanar, according to ED sources. According to sources, the accused Ravi, who is being held in Chanchalguda Central Prison, allegedly converted the illicit proceeds into cryptocurrency and transferred the money into numerous domestic and foreign bank accounts under the names of different people and businesses. The city’s cybercrime police blocked Ravi’s accounts for `3 crore at the time of his arrest.
Ravi admitted to earning `20 crore during questioning, according to Police Commissioner Sajjanar. “PMLA is the result of a multi-layered scam.” Our teams will be undertaking a parallel investigation in addition to the ED’s PMLA inquiry, according to Sajjanar. The city police petitioned the court for Ravi’s police custody in order to conduct additional investigation. The ED will formally get the investigative details from the police. According to the sources, the directorate will examine Ravi about the PMLA aspect and file its Enforcement Case Information Report (ECIR) after it has obtained police custody. While the ED will solely look into PMLA-related issues, the law-and-order wing and cybercrime police will continue their investigations independently. According to sources, the directorate has already gathered Ravi’s foreign account information.
