Delhi/Hyderabad, Nov 19 (Maxim News): In a significant development, BRS leader Manne Krishank has lodged a formal complaint with the Enforcement Directorate (ED) against Chief Minister Revanth Reddy’s son-in-law, Goluguri Satyanarayana, alleging financial irregularities linked to Maxbien Pharma. The ED acknowledged receipt of the complaint.
Click Here To Join Us On WhatsApp
The complaint, submitted at the ED headquarters in Delhi, raises serious concerns over land acquisition for Maxsbien Pharma in Kodangal, where farmers have been protesting against giving up their lands.
As per the BRS mouthpiece “Telangana Today”, The controversy gained momentum after BRS working president K.Tarak Rama Rao’s recent revelations about Goluguri Satyanarayana Reddy’s role as director in Maxbien Pharma, where he reportedly holds 16 lakh shares. Additionally, Annam Sharath and his firm SVS facility collectively own 21 lakh shares in the company.
Click Here To Join Us On WhatsApp
Krishank also highlighted a potential conflict of interest involving a private hospital in Warangal, where Annam Sharath is a shareholder. This hospital’s branch was recently inaugurated by Chief Minister Revanth Reddy at Warangal, further deepening suspicions of undue favoritism.
He also cited the ED’s previous investigations into the Goluguri family members where the investigation agency unearthed bank fraud involving Goluguri Ramakrishna Reddy, who allegedly diverted crores of rupees to family members and businesses.
Click Here To Join Us On WhatsApp
Satyanarayana Reddy’s father, Goluguri Venkat Reddy, is the brother of Ramakrishna Reddy and the duo operates multiple businesses jointly. The duo are facing multiple cases of bank defaults and their properties tied to these debts have been auctioned by institutions like Bank of Baroda and Syndicate Bank.
Krishank urged the ED to probe whether funds linked to past frauds were diverted to Maxbien Pharma. Supporting his claims, he submitted shareholding documents and financial records, along with an official ED statement detailing an earlier investigation. (Maxim News)
More Stories:
Newly Married Woman Killed In Hit And Run At Bandlaguda
A newly married woman died in a Bandlaguda hit and run accident after a DCM vehicle rammed into a scooter in Hyderabad.
Gold Rates Slashed In Hyderabad On May 15, 2026
The gold rates today in Hyderabad slashed on 15 May, 2026. Going by the rates today, the price of 10 grams of 22-carat gold is Rs. 1,46,750 with a fall of Rs. 2,050 while the rate of 10 grams of 24-carat gold is at Rs 1,60,090 with a hike of Rs. 2,240.
NEET UG 2026 Re-Exam To Be Held On June 21
Hyderabad: The National Testing Agency on Friday announced that the re-examination for National Eligibility cum Entrance Test Undergraduate will be conducted on June 21, bringing relief to more than 22 lakh medical aspirants across the country.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News update
