Delhi Excise Policy: CBI arrests Hyderabad-based Chartered Accountant

The Central Bureau of Investigation (CBI) detained Chartered Accountant Butchibabu Gorantla of Hyderabad in connection with the Delhi Excise Policy case.

According to a statement released by the CBI on Wednesday, the accused CA was detained for his claimed involvement in creating and carrying out the Delhi Excise Policy as well as his suspected role in causing harm to Hyderabad-based wholesale and retail licensees and their beneficial owners. According to CBI, the accused will be shown in court today.

In the midst of the deadly Delta Covid-19 pandemic in 2021, the excise policy was approved by the Delhi Cabinet, which is led by Chief Minister Arvind Kejriwal.

According to the Delhi government, the policy was created to promote maximum revenue generation, end the sale of counterfeit or duty-exempt alcohol in Delhi, and enhance user experience.

The investigation was conducted in light of a report that the Chief Secretary had sent to Delhi’s Lieutenant Governor VK Saxena, urging the CBI to look into the situation.

Following LG’s advice, the Economic Offence Wing (EOW) of the Delhi Police Assistant Commissioner’s office sent a notice to Delhi’s Excise Commissioner requesting all records pertaining to the awarding of liquor licences under the new excise policy.

In connection with the Delhi Excise Policy 2021-22 money laundering case, the CBI searched Sisodia’s bank locker in August of last year. According to him, nothing was discovered.

According to a CBI officer, many raids were also carried out at 21 locations in Delhi and the National Capital Region last year, including Sisodia’s home and the workplaces of four public employees. According to the official, raids took place in 7 different states.