The Special Investigation Team of the Andhra police, which arrested Sajjala Sridhar Reddy in connection with the alleged liquor scam that took place during the YSR Congress party regime on Friday, produced him before the ACB court, which remanded him to judicial custody till May 6.
Sridhar Reddy, who was one of the promoters of SPY Agro Industries, is a key conspirator and prime accused in the liquor scam case.
Listed as Accused No. 6 (A6) in the case, Sridhar Reddy was brought to Vijayawada on Saturday and presented before the ACB court.
According to the SIT, after YSRCP came to power in 2019, meetings were allegedly held to discuss how bribes of Rs 50–60 crore per month could be siphoned under the guise of the new liquor policy.
Key participants in these meetings included YSRCP MP Mithun Reddy, then-party leader Vijayasai Reddy, then-IT advisor Raj Kasireddy, former APSBCL MD Vasudeva Reddy, APSBCL Special Officer Satyaprasad, along with Sridhar Reddy.
However, SPY Agro Industries on Saturday issued a statement disowning Sridhar Reddy, saying the company had nothing to do with him or the liquor scam.
The statement said Sridhar Reddy served as a Director of SPY Agro in the past, but resigned from the Board in January 2022 and fully exited the company. Since his resignation, Reddy has held no shares, no signing authority, and no management role in SPY Agro.
“The current investigation pertains to Reddy’s personal associations with certain individuals and has no connection to SPY Agro whatsoever,” it said.
