Who is Penaka (P) Sarath Chandra Reddy director of Aurobindo Pharma, biography, age, wife, father

Sarath Chandra Reddy is the present Entire-Time Director of Aurobindo Pharma, take a look at his household, father and spouse

Discover out extra about him and his arrest.

The Enforcement Directorate detained Delhi Chief Minister Arvind Kejriwal on twenty first March in relation to the alleged Delhi liquor coverage rip-off.

Who’s Penaka (P) Sarath Chandra Reddy director of Aurobindo Pharma, biography, age, household, spouse and father

Nonetheless, simply earlier than his arrest, one thing surprising associated to him got here to mild. In keeping with experiences, P Sarath Chandra Reddy, one other accused within the Delhi liquor rip-off, donated Rs 5 crore from his firm to the BJP in 2022 within the type of electoral bonds.

Delhi CM Kejriwal was arrested yesterday by ED within the Liquor coverage case.

This is an Electoral Bond revelation. One of many important accused (Pinaka Sarath Chandra Reddy of Aurobindo Pharma) within the case, who turned authorised gave Rs 62 crore through bonds of which Rs 44.5 crore went to the… pic.twitter.com/IjaarDbwRf

— Mohammed Zubair (@zoo_bear) March 21, 2024

Studies additionally added that, after turning into an approver, Reddy gave the BJP a further Rs 25 crore. In November 2022, Reddy, a director of Aurobindo Pharma Restricted, was taken into custody as a consequence of his involvement within the liquor rip-off. Shortly after his incarceration, his enterprise bought Rs 5 crore value of election bonds that the BJP had redeemed.

Aurobindo Pharma bought bonds totaling Rs 52 crore, of which Rs 34.5 crore was given to the BJP. Sarath Chandra Reddy faces accusations from the Enforcement Directorate that he helped prepare bribes within the liquor licensing process in Delhi.

In keeping with the Enforcement Directorate, Reddy and Okay. Kavitha have been a part of the “South Group,” which is accused of utilizing Vijay Nair to smuggle in funds of Rs 100 crore to the Aam Aadmi Get together in trade for the 2022 Goa Meeting elections. This group’s different members additionally turn out to be approvers.

For the uninitiated, the Delhi liquor coverage of the Aam Aadmi Get together, which was in impact from November 2021 to July 2022, got here underneath investigation for potential irregularities and bribes. Since then, underneath the Prevention of Cash Laundering Act, the Enforcement Directorate has performed investigations.

Now, this new info, associated to one of many accused, once more sheds mild on the entire alleged Delhi liquor coverage rip-off and the usage of electoral bonds. As a consequence of this, Sarath Chandra Reddy has turn out to be the discuss of the city, with many individuals looking for out extra about him. So, let’s discover out every little thing about him:

Who’s Sarath Chandra Reddy?

Sarath Chandra Reddy is a Hyderabad-based businessman. He has been within the information as a result of, whereas implicated in a Delhi liquor rip-off, he donated Rs 52 crore to the BJP within the type of an electoral bond.

He was born and raised in Hyderabad, Telangana. His father’s identify is P V Ram Prasad Reddy, a founding father of Aurobindo Pharma.

Sarath Chandra’s firms purchased electoral bonds value Rs 62 crore, of which Rs 44.5 crore went to the BJP. Curiously, Sarath Chandra Reddy’s donation to BJP via electoral bonds after he was turned approver in ED’s liquor coverage case was 35 cr. #ArvindKejriwal pic.twitter.com/aVqAADcKuo

— Mohammed Zubair (@zoo_bear) March 22, 2024

Though not a lot is thought about his household, it’s identified that his brother Rohit Reddy is the son-in-law of former Rajya Sabha MP for the Yuvajana Sramika Rythu Congress Get together (YSRCP), V Vijaysai Reddy.

Curiously, he’s additionally the son-in-law of Okay Nithyananda Reddy, the managing director of Aurobindo Pharma.

Kanika Reddy is 39 yr outdated Sarath Chandra Reddy’s spouse. She established an organization with named Jet Set Go Rs.5,600 funding and it reached a turnover of Rs 500 million inside ten years. 5 years in the past, she grew to become a number one entrepreneur in Asia within the Forbes underneath thirty class and was born in a Marwari household within the city of Bhopal, Madhya Pradesh.

Kanika is an Economics graduate and has performed her Diploma in Visible Communication and Design in Mumbai and pursued her MBA in London. She was recognized with most cancers on the age of twenty-two.

His profession

On the corporate’s official web site, Sarath Reddy is listed as a second-generation entrepreneur, a graduate of enterprise administration, and a member of the promoter group. Along with Aurobindo Pharma, Sarath Reddy has ties to greater than a dozen firms.

Previous to being bought by Aurobindo Pharma, Sarath Chandra Reddy led Trident Life Sciences Ltd. His present place at Aurobindo Pharma is Entire-Time Director. Globally, Aurobindo Pharma is a big participant within the pharmaceutical business.

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