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Revanth Reddy Gets Relief in Cash-for-Vote Case as Tribunal Scraps ED's Rs 50 Lakh Attachment
M
Moneycontrol•28-09-2026, 15:14
Revanth Reddy Gets Relief in Cash-for-Vote Case as Tribunal Scraps ED's Rs 50 Lakh Attachment
- •Telangana Chief Minister A Revanth Reddy and three others received relief from the PMLA Appellate Tribunal.
- •The tribunal set aside the Enforcement Directorate's Rs 50 lakh attachment in the 2015 cash-for-vote case.
- •The appellants argued the original cash was already seized by the Anti-Corruption Bureau and deposited with the trial court.
- •The tribunal found no likelihood of appellants dealing with or transferring the money, as it was secured with the court.
- •The case originated from a 2015 FIR by Hyderabad ACB regarding an alleged Rs 5 crore bribe offer ahead of an MLC election, with Rs 50 lakh offered to MLA Elvis Stephenson.
Key Questions Answered
The tribunal set aside the ED's attachment because the Anti-Corruption Bureau had already seized the original Rs 50 lakh and deposited it with the trial court, meaning there was no likelihood of the appellants dealing with or transferring the money under Section 5(1)(b) of the PMLA.
The case stems from an FIR registered by the Hyderabad ACB on May 31, 2015, over an alleged Rs 5 crore bribe offer ahead of the June 1 MLC election, where Revanth Reddy and others were accused of offering Rs 50 lakh as an advance to MLA Elvis Stephenson.
The appeals were filed by Telangana Chief Minister A Revanth Reddy alongside Vem Krishna Keerthan, Rudra Sivakumar Uday Simha, and Bishop Harry Sebastian.
